Vipshop Holdings Ltd – Receives New Coverage from Analysts at JPMorgan Chase (VIPS)

Equities research analysts at JPMorgan Chase initiated coverage on shares of Vipshop Holdings Ltd – (NASDAQ: VIPS) in a research note issued to investors on Monday, reports. The firm set an “overweight” rating on the stock.

The analysts wrote, “Riding the wave of rising inventory in China’s discretionary consumer segments, Vipshop dominates the discounted B2C eCommerce niche with solid execution. Despite significant improvements in gross margin and opex leverage from scale benefits, we see enough depth for further growth, both in customer size and supplier inventory in the next two years. We believe Vipshop’s value-add in matching excess inventory supply and core consumer group demand is distinctive in China B2C eCommerce, and offers an attractive way to play softness in China’s consumer discretionary sector.”

VIPS has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Vipshop Holdings Ltd – from $15.00 to $30.00 in a research note to investors on Monday, March 11th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Vipshop Holdings Ltd – from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, March 5th. They now have a $29.20 price target on the stock.

Six investment analysts have rated the stock with a buy rating, Vipshop Holdings Ltd – currently has an average rating of “Buy” and an average price target of $31.76.

Vipshop Holdings Ltd – (NASDAQ: VIPS) traded down 1.99% on Monday, hitting $28.04. Vipshop Holdings Ltd – has a 1-year low of $4.12 and a 1-year high of $30.23. The stock’s 50-day moving average is currently $25.05. The company’s market cap is $1.420 billion.

Vipshop Holdings Limited (NASDAQ: VIPS) is a holding company. Vipshop Holdings conducts its business through its subsidiaries and consolidated affiliated entity in the People’s Republic of China.

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