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Analysts at Deutsche Bank increased their target price on shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) to $243.00 in a research report issued to clients and investors on Thursday. Deutsche Bank’s price objective indicates a potential upside of 6.03% from the company’s current price.

Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) traded down 5.45% on Thursday, hitting $216.6962. The stock had a trading volume of 2,898,210 shares. Vipshop Holdings Ltd – has a 52 week low of $38.08 and a 52 week high of $229.49. The stock’s 50-day moving average is $201.7 and its 200-day moving average is $159.3. The company has a market cap of $12.246 billion and a price-to-earnings ratio of 182.91.

Vipshop Holdings Ltd – (NASDAQ:VIPS) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.08. The company had revenue of $829.40 million for the quarter, compared to the consensus estimate of $791.55 million. On average, analysts predict that Vipshop Holdings Ltd – will post $2.82 earnings per share for the current fiscal year.

A number of other firms have also recently commented on VIPS. Analysts at Citigroup Inc. initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Thursday, July 24th. They set a “buy” rating and a $248.90 price target on the stock. Separately, analysts at Zacks downgraded shares of Vipshop Holdings Ltd – from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $205.20 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Wednesday, July 2nd. They set a “buy” rating and a $240.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $197.94.

Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.

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