Why Zulily (ZU) Stock Climbed Today

NEW YORK (TheStreet) -- Zulily (ZU) shares closed trading up 1.1% to $40.30 on Thursday after being upgraded by RBC Capital to "reasonable price" and having its price target raised to $50 from $45.

The 50% pullback on the stock was the impetus for the firm's improved outlook.

"Our biggest concern has been (Zulily's) valuation, the 50% (stock) correction over the last four months has caused us to reassess our call," analysts wrote in the note.

Must ReadWarren Buffett's 25 Favorite Stocks

ZU Chart

ZU data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Move Over iPhone, Facebook’s Making Room for Android — Tech Roundup

Here’s Why Donald Trump Is Criticizing Apple – Tech Roundup

10 Tech-Savvy Apparel Retailers to Buy This Holiday Season

Here Are the Apparel Retailers That May Have a Bad Holiday Season

QVC Edges Closer to HSN with Zulily Purchase