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

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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• DA Davidson Starts Everus (ECG) at Buy
• TD Cowen Assumes Janux Therapeutics (JANX) at Buy
• Keefe, Bruyette & Woods Resumes Royal Bank of Canada (RY:CN) (RY) at Market Perform