Vetr Crowd Downgrades Ubiquiti To 4 Stars

Loading...
Loading...

Since reaching its year-to-date high at $64.13 on February 8, Ubiquiti Networks Inc. UBNT has traded down 22 percent, and the Vetr community has downgraded the stock from 4.5 to 4 stars.

The highlight of Ubiquiti’s big drop off was a poor second-quarter earnings report on February 9 that sent the company down 16 percent across two days.

See how crowdsourced ratings can help predict the market?

Vetr members have given Ubiquiti a Buy rating and a $55.50 price target. This price target is higher than the $42.60 price target from Wall Street analysts. The company opened Friday around $50.

Of all Vetr raters, 60 percent believe traders and investors should sell Ubiquiti stock.

For Vetr’s full analysis of Ubiquiti, go here.

Posted In: DowngradesCrowdsourcingAnalyst RatingsGeneralVetr
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...