Shares of Sirius XM Holdings Inc. SIRI have recuperated more than 17 percent since their February lows, but are still down about 3.5 percent year-to-date. Moreover, since June started, the stock tumbled 2.3 percent, creating some room for upside. Or so does the Vetr crowd seem to believe, as evidenced by its average price target of $4.45, which implies a potential return of almost 14 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 upgrade its rating on shares of Sirius XM on Monday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
Finally, it should be noted that, in accordance with the rating, 100 percent of the crowd’s ratings are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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