Vipshop Holdings (VIPS) Misses Q2 EPS by 3c; misses on outlook
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August 20, 2024 3:19 PM EDT
Jefferies 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
August 20, 2024 3:15 PM EDT
Morgan 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
August 20, 2024 6:11 AM EDT
Citi 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
August 20, 2024 5:28 AM EDT
Jefferies 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
