Market Overview

Macquarie 'Increasingly Bullish' On Vipshop's Outlook

Related VIPS
This Chinese Internet Portfolio Surged 6X More Than The S&P 500 Over The Past Month
Mid-Afternoon Market Update: Dow Jumps 250 Points After Fed Minutes; Citrix Systems Shares Drop

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

Nov 2015Brean CapitalMaintainsBuy
Nov 2015CLSADowngradesOutperformUnderperform
Nov 2015Morgan StanleyDowngradesOverweightEqual-weight

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!

Get Benzinga's Newsletters