Market Overview

UPDATE: Piper Jaffray Raises PT to $15 on Vipshop on Revenue Beat, Guidance

Share:
Related VIPS
Brean Capital's 12 Chinese E-Commerce Stock Picks
UPDATE: Morgan Stanley Reiterates On Vipshop Holdings Ltd. On Robust Consumer Growth
A Tough Week For Alibaba, But China-Based Leaders Abide (Investor's Business Daily)

Piper Jaffray reiterated its Overweight rating on Vipshop (NYSE: VIPS) and raised its price target from $9 to $15.

Piper Jaffray noted, "Vipshop reported strong September quarter results: revenue was $156m vs. the Street at $147m, and EPS was ($0.03) compared with the Street's estimate of ($0.07). Revenue upside was driven by active user growth (174% y/y) and total orders (158% y/y). … We are increasing our revenue estimate to be in line with guidance, while our EPS estimate increases to ($0.01) from ($0.06) to reflect better revenues and improved margins."

Vipshop closed at $11.33 on Wednesday.

Latest Ratings for VIPS

DateFirmActionFromTo
Nov 2014Morgan StanleyReiteratesOverweight
Nov 2014JP MorganMaintainsOverweight
Oct 2014Morgan StanleyInitiates Coverage onOverweight

View More Analyst Ratings for VIPS
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (VIPS)

Around the Web, We're Loving...

Get Benzinga's Newsletters