Netshoes (CAYMAN) Ltd (NETS) Earns “Outperform” Rating from Bradesco Corretora
Netshoes (CAYMAN) Ltd (NASDAQ:NETS)‘s stock had its “outperform” rating reaffirmed by stock analysts at Bradesco Corretora in a note issued to investors on Tuesday, May 9th. They presently have a $26.00 price objective on the stock. Bradesco Corretora’s price target suggests a potential upside of 44.85% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the stock. Jefferies Group LLC initiated coverage on shares of Netshoes (CAYMAN) in a research report on Monday, May 8th. They set a “buy” rating and a $19.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Netshoes (CAYMAN) in a research report on Monday, May 8th. They set an “overweight” rating and a $18.00 price target for the company. Finally, Goldman Sachs Group Inc began coverage on shares of Netshoes (CAYMAN) in a research report on Monday, May 8th. They set a “buy” rating and a $24.50 price target for the company.
Shares of Netshoes (NASDAQ:NETS) traded up 0.95% during mid-day trading on Tuesday, reaching $18.12. 33,104 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $15.00 and a 200 day moving average price of $15.00. Netshoes has a 12-month low of $12.49 and a 12-month high of $20.60. The firm’s market capitalization is $387.17 million.
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About Netshoes (CAYMAN)
Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.
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