Vipshop Holdings Ltd – Price Target Raised to $280.00 at Jefferies Group (VIPS)
Research analysts at Jefferies Group upped their price objective on shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) from $240.00 to $280.00 in a report released on Friday. Jefferies Group’s target price indicates a potential upside of 22.17% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Vipshop Holdings Ltd – to $243.00 in a research note on Thursday. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $207.94.
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) opened at 217.29 on Friday. 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 $202.7 and its 200-day moving average is $159.8. The company has a market cap of $12.280 billion and a P/E ratio of 182.91.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters 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.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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