JPMorgan Chase & Co. Increases Vipshop Holdings Ltd – Price Target to $75.00 (VIPS)
JPMorgan Chase & Co. lifted their target price on shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) from $51.00 to $75.00 in a research note issued on Wednesday, AmericanBankingNews.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 19.24% from the company’s current price.
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) traded up 1.48% on Wednesday, hitting $62.90. The stock had a trading volume of 1,057,214 shares. Vipshop Holdings Ltd – has a 52 week low of $7.73 and a 52 week high of $70.00. The stock’s 50-day moving average is $51.22 and its 200-day moving average is $37.88. The company has a market cap of $3.480 billion and a price-to-earnings ratio of 167.06.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $351.30 million for the quarter, compared to the consensus estimate of $340.91 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 159.7% on a year-over-year basis. Analysts expect that Vipshop Holdings Ltd – will post $0.92 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Vipshop Holdings Ltd – in a research note to investors on Thursday, September 26th. They set a “neutral” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Vipshop Holdings Ltd – from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 18th. They now have a $66.00 price target on the stock, up previously from $43.00. Finally, analysts at Zacks downgraded shares of Vipshop Holdings Ltd – from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $46.10 price target on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.66.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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