Vipshop Holdings Limited (VIPS) : The highest short term price target forecast on Vipshop Holdings Limited (VIPS) is $22 and the lowest target price is $12. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $19.38 with a standard deviation of $3.72.
Vipshop Holdings Limited (VIPS) : 7 analysts are covering Vipshop Holdings Limited (VIPS) and their average rating on the stock is 1.57, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity Analysts at the Brokerage Firm, Nomura, maintains their rating on the shares of Vipshop Holdings Limited (NYSE:VIPS). Nomura has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $20 per share from a prior target of $17. The rating by the firm was issued on August 17, 2016.
Vipshop Holdings Limited (NYSE:VIPS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.23 and $14.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.21, notching a gain of 0.35% for the day. The total traded volume was 5,233,226 . The stock had closed at $14.16 on the previous day.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.