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Barclays Sticks to Their Buy Rating for Vipshop (VIPS)
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 8.3% and a 48.18% success rate. Shao covers the Consumer Cyclical sector, focusing on stocks such as Sea, Trip.com Group Sponsored ADR, and JD.
Currently, the analyst consensus on Vipshop is a Moderate Buy with an average price target of $20.65.
Based on Vipshop’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $25.81 billion and a net profit of $1.49 billion. In comparison, last year the company earned a revenue of $26.88 billion and had a net profit of $1.93 billion
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