Vipshop Holdings Ltd – Rating Increased to Outperform at Zacks (VIPS)
Vipshop Holdings Ltd – (NASDAQ:VIPS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Thursday, American Banking and Market News reports. The firm currently has a $109.30 target price on the stock. Zacks‘ price target indicates a potential upside of 6.64% from the stock’s previous close.
Vipshop Holdings Ltd – (NASDAQ:VIPS) traded up 7.69% during mid-day trading on Thursday, hitting $114.31. 723,279 shares of the company’s stock traded hands. Vipshop Holdings Ltd – has a 52 week low of $21.58 and a 52 week high of $109.67. The stock has a 50-day moving average of $96.34 and a 200-day moving average of $71.26. The company has a market cap of $6.362 billion and a price-to-earnings ratio of 180.83.
Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of Vipshop Holdings Ltd – from a “buy” rating to a “neutral” rating in a research note on Thursday, January 30th. Separately, analysts at Bank of America initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Thursday, January 16th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Vipshop Holdings Ltd – has an average rating of “Buy” and a consensus price target of $66.23.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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