Can Vipshop Stock Bounce Back After Last Week's 13% Drop?
Vipshop Holdings (NYSE: VIPS) hit fresh recent lows last week, taking a hit after posting disappointing quarterly results. A pair of Wall Street firms would go on to downgrade the Chinese online discounter following the financial report. The stock plunged 13.46% on the week.
Vipshop stock closed in the single digits on Friday, something that we haven't seen since 2012. Adjust the stock for Vipshop's 10-for-1 stock split in 2014 -- after its meteoric rise at the time -- and we're still looking at new three-year lows for investors.
Image source: Vipshop Holdings.
Source: Fool.com
Vipshop Holdings Ltd. ADR Stock
€14.70
-0.680%
With 7 Buy predictions and not the single Sell prediction the community is currently very high on Vipshop Holdings Ltd. ADR.
As a result the target price of 18 € shows a positive potential of 22.45% compared to the current price of 14.7 € for Vipshop Holdings Ltd. ADR.
