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Barclays Reaffirms Their Buy Rating on Vipshop (VIPS)
In a report released today, Jiong Shao from Barclays maintained a Buy rating on Vipshop, with a price target of $20.00.
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Shao covers the Consumer Cyclical sector, focusing on stocks such as Sea, Vipshop, and Alibaba. According to TipRanks, Shao has an average return of 5.4% and a 44.16% success rate on recommended stocks.
In a report released on March 31, J.P. Morgan also maintained a Buy rating on the stock with a $21.00 price target.
Based on Vipshop’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.47 billion and a net profit of $2.59 billion. In comparison, last year the company earned a revenue of $33.22 billion and had a net profit of $2.45 billion
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