Vipshop Reports Unaudited Second Quarter 2024 Financial Results
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Vipshop Holdings (VIPS) PT Lowered to $17.60 at Jefferies
August 20, 2024 3:19 PM EDTJefferies analyst Thomas Chong lowered the price target on Vipshop Holdings (NYSE: VIPS) to $17.60 (from $20.30) while maintaining a Buy rating.
The analyst comments "VIPS reported 2Q results. During the conference call, management highlighted that consumers remain cautious in spending amid the uncertain macro... More
Vipshop Holdings (VIPS) PT Lowered to $14 at Morgan Stanley
August 20, 2024 3:15 PM EDTMorgan Stanley analyst Eddy Wang lowered the price target on Vipshop Holdings (NYSE: VIPS) to $14.00 (from $16.00) while maintaining a Equalweight rating.
The analyst comments "Guidance of a 5-10% YoY revenue decline for 3Q24 suggests that weak consumption and more intense competition remain... More
Citi Reiterates Buy Rating on Vipshop Holdings (VIPS)
August 20, 2024 6:11 AM EDTCiti analyst Alicia Yap reiterated a Buy rating and $17.00 price target on Vipshop Holdings (NYSE: VIPS).
The analyst comments "VIPS reported a slight beat in 2Q24 with total net revs -4% yoy to Rmb26.9bn, at low end of guidance range of... More
Jefferies Reiterates Buy Rating on Vipshop Holdings (VIPS)
August 20, 2024 5:28 AM EDTJefferies analyst Thomas Chong reiterated a Buy rating and $20.30 price target on Vipshop Holdings (NYSE: VIPS)
The analyst comments "VIPS reported 2Q results, with total revenue inline with consensus and our estimates. GMV was flat YoY (inline with our estimate). GPM was ahead of... More
