Stock Track | Vipshop Shares Soar on Bullish Citi Call, Revenue Growth Expectations

Stock Track09-27

Shares of Chinese e-commerce retailer Vipshop Holdings Ltd. (VIPS) surged over 5% on Thursday morning, fueled by a bullish analyst call and expectations of strong revenue growth in the upcoming quarter.

Citi analysts raised their price target on Vipshop to $18 from $15, citing anticipated revenue growth in the third quarter. The firm maintained its Buy rating on the stock, reflecting confidence in the company's long-term prospects.

According to Citi analyst Alicia Yap, Vipshop's revenue is expected to grow in Q3 despite short-term weakness, driven by the company's robust online platform and effective marketing strategies. Yap's analysis points to a positive long-term outlook for the e-commerce giant, underpinning the firm's bullish stance on the stock.

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(VIPS) surged over 5% on Thursday morning, fueled by a bullish analyst call and expectations of strong revenue growth in the upcoming ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VIPS","symbol_name":"唯品会","start_time":0,"source_url":"","article_id":"1197690017","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197690017","pubTimestamp":1727446106,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese e-commerce retailer Vipshop Holdings Ltd.  surged over 5% on Thursday morning, fueled by a bullish analyst call and expectations of strong revenue growth in the upcoming quarter.Citi analysts raised their price target on Vipshop to $18 from $15, citing anticipated revenue growth in the third quarter. 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