Vipshop Stock Has a Lot to Prove on Wednesday
One of the market's former rock stars is hoping to regain its swagger. Vipshop Holdings (NYSE: VIPS) will get a chance to do that next week when it puts up fresh financials after Wednesday's market close.
There's a lot riding on the second-quarter results. The Chinese online discounter of brand-name apparel and accessories was one of the hottest stocks on Wall Street. The shares more than doubled for three consecutive years between 2012 and 2014.
Vipshop stock has gone on to decline in 2015 and 2016. The stock is trading 4% higher year to date, so a crummy report could pave the way for Vipshop to close lower for three years in a row.
Source: Fool.com
Vipshop Holdings Ltd. ADR Stock
€14.90
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 20.81% compared to the current price of 14.9 € for Vipshop Holdings Ltd. ADR.
