Vipshop Holdings Limited (VIPS) : 8 analysts are covering Vipshop Holdings Limited (VIPS) and their average rating on the stock is 2, which is read as a Buy. 4 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 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Vipshop Holdings Limited (VIPS) : The consensus price target for Vipshop Holdings Limited (VIPS) is $14 for the short term with a standard deviation of $2.45. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $11.
For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Goldman Sachs assumes its outlook on Vipshop Holdings Limited (NYSE:VIPS). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $14.3 per share. The rating by the firm was issued on July 25, 2016.
Vipshop Holdings Limited (NYSE:VIPS): The stock opened at $13.66 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.95 for the day. The stock traded down to $13.66 during the day, due to lack of any buying support eventually closed down at $13.90 with a loss of -0.07% for the day. The stock had closed at $13.91 on the previous day. The total traded volume was 4,578,991 shares.
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.