Shares of Vipshop Holdings Ltd (Symbol: VIPS) have recently surpassed the average analyst 12-month target price of $10.45, trading at $11.15 per share. This movement prompts analysts to either consider downgrading the stock’s valuation or raising their price targets based on the company’s fundamental developments.
Currently, there are 8 analysts contributing to the average target for Vipshop, with price forecasts ranging from a low of $8.80 to a high of $12.30, and a standard deviation of $1.28. The latest ratings include 2 strong buy ratings and 4 hold ratings, indicating a diverse outlook among analysts.
The average rating on a scale from 1 (Strong Buy) to 5 (Strong Sell) stands at 2.33. This financial data is sourced from Zacks Investment Research.
