Market Overview

Macquarie 'Increasingly Bullish' On Vipshop's Outlook

Share:
Related VIPS
10 Stocks With Lowest Close In Three Weeks
15 Biggest Mid-Day Losers For Tuesday
Amazon Is A Must-Own Hedge Against Traditional Retail Company Headwinds (Seeking Alpha)

Earlier Tuesday, Macquarie Group reiterated its Outperform rating on Vipshop (NYSE: VIPS) and raised the price target to $130 from $90.

In justifying such a large adjustment to its price target, Macquarie notes that data indicates Vishop has been "enjoying strong user base expansion" over the past few months.

In a contrasting view, Whitney Tilson said in a letter on Monday that he is short Vipshop.

Possibly trading on the release of the Macquarie note, Vipshop was up as much as 10 percent for the day.

Latest Ratings for VIPS

DateFirmActionFromTo
Nov 2016Deutsche BankUpgradesHoldBuy
Aug 2016JP MorganAssumesNeutral
Aug 2016NomuraMaintainsBuy

View More Analyst Ratings for VIPS
View the Latest Analyst Ratings

Posted-In: MacquarieAnalyst Color Price Target Analyst Ratings

 

Related Articles (VIPS)

View Comments and Join the Discussion!