Vetr Top Raters Upgrade Mannkind To 4.5-Star Stock
Shares of MannKind Corporation (NASDAQ: MNKD) have lost nearly 50 percent of its value since the start of 2016 and are lower by more than 85 percent over the past year.
Despite the large losses over the past year, the Vetr crowd is bullish on the stock's outlook as its rating was upgraded to 4.5-stars out of a possible 5. In fact, shares of MannKind have risen to $0.78 since the prior rating of 3.0-stars was issued just 5 days.
Related link: Here's how crowdsourced ratings can beat the market.
In addition to an upgrade which signals a bullish outlook, 81 percent of the crowd's ratings are bullish and a crowd sourced price target of $0.90 implies a potential upside of more than 27 percent.
"This former $7 stock has been crushed, to some degree with reason but under $1 a bit much," TONY CALATAYUD, a member of the Vetr crowd argued in defense of MannKind's stock. "Should see some nice percentage gains by end of Q1. Not a medium or long term hold. In and out in 90 days."
Latest Ratings for MNKD
|Nov 2015||Griffin Securities||Downgrades||Buy||Neutral|
|Nov 2015||RBC Capital||Downgrades||Outperform||Underperform|
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