10 Stocks Firm Up Amid Cautious Trading

3. Vipshop Holdings Limited (NYSE:VIPS)

Vipshop rose by 6.39 percent on Tuesday to finish at $15.14 apiece as investors bought up its shares after receiving an upgraded rating from an investment firm despite reporting a dismal earnings performance.

According to Barclays analyst Jiong Shao, he maintained his “buy” rating on VIPS while raising his price target to $20 from $19 apiece. The figure represented a 32-percent premium from its last closing price.

Vipshop, an online retail company selling discounted goods in China, saw net income attributable to shareholders for the fourth quarter of 2024 drop by 20 percent to RMB2.4 billion from RMB3 billion in the same period a year earlier. For the full year alone, net profit attributable to shareholders decreased by 4.9 percent to RMB7.7 billion from RMB8.1 billion in 2023.

Net revenues also dipped by 4.3 percent to RMB33.2 billion from RMB34.7 billion while revenues for the full year decreased by 3.9 percent to RMB108.4 billion from RMB112.9 billion year-on-year.