Piper Jaffray analyst Gene Munster came out today with some commentary on Jumei International Holding Ltd(ADR) (NYSE:JMEI), after the company released its second-quarter earnings results, posting revenue of $308.1 million, compared to consensus estimate of $282.2 million. Guidance was below the Street marginally, but after adjusting Street estimates for the recent RMB devaluation, the company would have guided in line with expectations.

Munster wrote, “While in-line guidance may be viewed by some investors as less than compelling in a growth story, we believe Jumei’s long-term growth potential remains intact, and continues to strengthen. Jumei’s outperformance in Jun-15 was driven by better-than-expected customer adds and accelerating order/customer growth. The company’s goal continues to be to build a larger platform around beauty, cosmetics, wellness, baby, maternity and apparel items. We remain Neutral based on investors’ broader concern for China. If not for the broader China concern, we would see today’s pullback as a window to be more constructive on JMEI shares.”

Furthermore, “Our 2015 and 2016 revenue estimates are increasing modestly due to the outperformance in the quarter and strong customer engagement trends; we are, however, lowering our 2016 EBITDA estimate from $147.4m to $117.9m to reflect higher costs of goods sold than previously expected and continued intensity in customer acquisition costs/fulfillment costs. We believe these investments are prudent, but remain on the sidelines at 20x our EBITDA estimates.”

The analyst maintained a Neutral rating on JMEI stock, with a price target of $15.00, which represents a potential upside of 15% from where the stock is currently trading.

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Gene Munster has a total average return of 22.6% and a 63.5% success rate. Munster has a average return when recommending JMEI, and is ranked #5 out of 3741 analysts.

Out of the 7 analysts polled by TipRanks, 5 rate Jumei International Holding stock a Buy, while 2 rate the stock a Hold. With a return potential of 126.7%, the stock’s consensus target price stands at $29.50.