By Carly Forster

VistaPrint Limited (NASDAQ:VPRT) is a Venlo, Netherlands based company that supplies printed and promotional material and marketing services to businesses and consumers.

A Financial Expert’s Opinion

SunTrust analyst Robert Peck recently downgraded his rating for Vistaprint from Buy to Neutral on November 10th, but raised his price target from $63 to $67. The downgrade came after shares of Vistaprint surpassed the analyst’s original price target and reached his new price target.

Peck explained, “While the company recently reported a slight beat for F1Q15 (September), VPRT shares have appreciated 21% and outperformed the peer group by ~21 points over the past month. We think investors have reassessed the story recently and investor sentiment has improved, with the stock having outperformed the Nasdaq by 17/33/54 points over the past 1/3/6 months. Thus at current levels we view valuation as more appropriate and risk/reward more balanced, warranting a Neutral-rating.”

Peck mentioned that he would upgrade his rating for Vistaprint again on a pullback or if the stock showed evidence towards the progression of a turnaround.

Robert Peck’s Past Recommendations

Robert Peck has experience in rating website stocks in the services sector, such as Twitter Inc (NYSE:TWTR) and Pandora Media Inc (NYSE:P), helping him earn a 51% success rate recommending stocks and a +9.6% average return per recommendation.

VistaPrint

Peck last rated Twitter with a Buy rating on October 28th of this year. Since then, Twitter shares have gone up from $40.21 to $40.35. Peck has rated Twitter 18 times, earning a 67% success rate recommending the stock.

Separately, Peck last rated Pandora on October 20th with a Buy when shares of the music streaming website were $20. Since then, shares have dropped to $18.72. Peck has recommended Pandora 5 times with 0% success.

Conclusion

Robert Peck is waiting for a dip in Vistaprint so upgrade his rating, but for now he says to wait it out. Do you trust his latest recommendation based on his financial advice history?

On average, the top analyst consensus for VistaPrint Limited (NASDAQ:VPRT) is Hold.

To see more recommendations from Robert Peck, visit TipRanks today!

Carly Forster writes about stock market news. She can be reached at [email protected]