Vipshop receives target price increase from foreign banks

After releasing a Q2 financial report that exceeded expectations, major foreign banks Citigroup $Citigroup(C.US)$ and Credit Suisse $Credit Suisse Holdings(BK2535.US)$ recently raised the target price of online brand discount retailer Vipshop $Vipshop(VIPS.US)$ , of which Credit Suisse raised the target price to US $12.

Since the beginning of the year, Vipshop's share price has led the e-commerce stocks in terms of growth - under the uncertainty of the macro environment, many e-commerce stocks have fallen to varying degrees in the year, and some e-commerce stocks have even dropped nearly 70% in the year. As of the closing of the US stock market on August 22, Vipshop's share price has increased by 28.33%.

$China Concept Stocks(BK2517.US)$ $BABA-SW(09988.HK)$ $Alibaba(BABA.US)$ $JD.com(JD.US)$ $JD LOGISTICS(02618.HK)$ $JD-SW(09618.HK)$

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