Vetr Top Raters Upgrade Starbucks To 4.5 Star Stock
Shares of Starbucks Corporation (NASDAQ: SBUX) have lost more than 2.50 percent since the start of 2016 while the Nasdaq index has lost nearly 10 percent over the same time period.
Starbucks' outperformance relative to the broader index likely prompted the Vetr crowd to upgrade Starbucks' stock rating to 4.5 stars out of a possible 5.
Related link: Here's how crowdsourced ratings can beat the market.
Shares of Starbucks have fallen to $58.00 since the prior rating was issued just 3 days ago. In fact, Starbucks remains a popular stock as more than 2 percent of the crowd are holding the issue in their watch-list.
In addition to an upgrade, 100 percent of the crowd's ratings are bullish and the crowd sourced price target of $66.03 implies a potential upside of more than 12 percent.
Latest Ratings for SBUX
|Oct 2016||RBC Capital||Maintains||Outperform|
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