Vetr Upgrades Baozun (BZUN) to “Strong-Buy”
Baozun (NASDAQ:BZUN) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm presently has a $39.98 target price on the technology company’s stock. Vetr‘s target price would suggest a potential upside of 15.92% from the stock’s current price.
A number of other brokerages also recently weighed in on BZUN. Zacks Investment Research raised shares of Baozun from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 23rd. BidaskClub upgraded Baozun from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Finally, Bank of America boosted their price objective on Baozun from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $37.80.
Baozun (BZUN) opened at $34.49 on Wednesday. The firm has a market cap of $1,890.00 and a PE ratio of 101.44. Baozun has a fifty-two week low of $13.87 and a fifty-two week high of $40.65.
Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN bought a new stake in Baozun in the 2nd quarter valued at about $435,000. Ariose Capital Management Ltd bought a new stake in Baozun in the 3rd quarter valued at about $30,886,000. Pictet Asset Management Ltd. bought a new stake in Baozun in the 3rd quarter valued at about $2,547,000. Penserra Capital Management LLC raised its stake in Baozun by 74.6% in the 3rd quarter. Penserra Capital Management LLC now owns 32,346 shares of the technology company’s stock valued at $1,059,000 after acquiring an additional 13,824 shares during the period. Finally, TB Alternative Assets Ltd. bought a new stake in Baozun in the 3rd quarter valued at about $44,810,000. Institutional investors and hedge funds own 39.24% of the company’s stock.
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Baozun Company Profile
Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
To view Vetr’s full report, visit Vetr’s official website.
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