Goldman Sachs Starts Vipshop Holdings (VIPS) at Buy; Model is Positioned to Benefit

May 2, 2012 8:00 AM EDT
Get Alerts VIPS Hot Sheet
Price: $10.94 -1%

Rating Summary:
    11 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Goldman Sachs initiates coverage on Vipshop Holdings (NYSE: VIPS) with a Buy. PT $8.00.

Analyst, Catherine Leung, said, "Vipshop’s online flash sales model is positioned to benefit from rapid Chinese online brand shopping growth and addresses existing significant demand from suppliers to sell excess inventory efficiently. We
view the characteristics of flash sales companies as distinct from general multi-category e-tailer platforms or marketplaces, resulting in less competitive intensity than such winner-take-all industries. We forecast Vipshop will turn profitable in 2013E as the company grows revenue from US$227mn in 2011 to US$1.2bn in 2013 and scales up off its cost structure."

For an analyst ratings summary and ratings history on Vipshop Holdings click here. For more ratings news on Vipshop Holdings click here.

Shares of Vipshop Holdings closed at $5.46 yesterday.

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