Vipshop Holdings Limited (VIPS) : 4 brokerage houses believe that Vipshop Holdings Limited (VIPS) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Vipshop Holdings Limited (VIPS). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Vipshop Holdings Limited (VIPS) : The most positive equity analysts on Vipshop Holdings Limited (VIPS) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $11 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $14 with an expected fluctuation of $2.45 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. 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 $14.82 and $14.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.93, notching a gain of 2.54% for the day. The total traded volume was 7,819,754 . The stock had closed at $14.56 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.