Shares of Wal-Mart Stores, Inc. WMT have gained more than 2 percent over the week. The Vetr crowd seems to believe the rally will continue, as suggested by its average price target of $75.49, which implies a potential return of almost 4.3 percent from current valuations.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on Wal-Mart’s stock on Friday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.
Finally, it should be noted that, in accordance with the new rating, 52 percent of the crowd's ratings are bullish at the time.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.