From MarketBeat:

Stock analysts at StockNews.com upgraded Vipshop from “buy” to “strong-buy” and Citigroup also rated it as a “buy,” raising the price target to $20.00. TheStreet also upgraded Vipshop. MarketBeat.com gives Vipshop an average “Buy” rating and a consensus target price of $18.16.

Vipshop’s stock traded at $16.86 on Wednesday, with a market cap of $9.88 billion. It reported $3.33 EPS and revenue of $21.08 billion in the last quarter, boosting its position with institutional investors.

Vipshop Holdings operates online platforms in China. The company offers various products including clothing, shoes, accessories, and other lifestyle products. Institutional investors and hedge funds own 49.84% of the stock.



Read more: StockNews.com Upgrades Vipshop (NYSE:VIPS) to Strong-Buy