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Vipshop (VIPS) Receives a Buy from Barclays
Barclays analyst Jiong Shao maintained a Buy rating on Vipshop today and set a price target of $20.00.
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According to TipRanks, Shao is a 4-star analyst with an average return of 4.5% and a 43.21% success rate. Shao covers the Consumer Cyclical sector, focusing on stocks such as Vipshop, Alibaba, and JD.
In a report released on May 22, UBS also upgraded the stock to a Buy with a $18.50 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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