GS resumed coverage of VIPS. I never saw the news when they actually dropped the coverage. They were embarassed by the original $8 PT when the stock was under IPO price, that they conveniently issues a resumption of coverage with $33.50 target.
As VIPS continues to beat their estimates of 2013 EPS of 0.71, I think the PT objective goal post will re-rate.
VIPS is at less than 0.4 PEG now. With a 100% plus growth and a model that has thus far exceeded expectations, PEG shall re-rate with the growth acting as huge TAIL wind ..
$60 2013 PT is achievable. And $200 2014 PT is plausible with continued growth and PEG re-rating (to fair 1x PEG).
I agree Stock. The earnings and new est. came out less then a week ago and already the analyst are raising those est. 2013 earnings may be $2.00 a share by the end of the year. The MM's will continue there shaking to get cheaper shares., but anyone who sells at these cheap prices are fools.
Bean - my expectation is that VIPS will continue to beat current consensus estimates on growth, revenues and EPS. At 100x (PEG of $1) $3.00 2014 EPS should put this well north of $200 by 2014 IMO. Let us see how this pans out over next 2 years. My $5 shares will ride the waves unshaken by MM's day to day shenanigans.