12:40 AM EDT, 09/12/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our Hold opinion and raise our target price to USD20 from USD16 (based on a 9.4x 2025 P/E vs. its 6.9x three-year mean), expecting gradual improvement from government stimulus measures and the company's focus on expanding Super VIP membership to drive higher ARPU and profitability. Vipshop Holdings ( VIPS ) reported weak H1 2025 results, with revenue declining 4.4% Y/Y to CNY52.07B, missing expectations as Q2 revenue fell 4% and Q1 dropped 5%, reflecting challenging business conditions within management's guidance for a flat to 5% decline. Active customers decreased 1.7% and total orders fell 2.4% to 193.0M in Q2, though Super VIP customers grew 15% Y/Y, demonstrating strength in the company's high-value customer segment. We believe VIPS' flash sales model and discounted branded offerings position it well for China's consumption upgrade, especially among its middle-class population, though intense competition from live-streaming e-commerce and limited global exposure constrain near-term catalysts.