Vetr Top Raters Downgrade IBM, 75% Of Crowd Bearish - IBM (NYSE:IBM)

Shares of

International Business Machines Corp.IBM

have lost nearly 10 percent since the start of 2016 and nearly 20 percent over the past year. Given IBM's under-performance versus the Dow Jones Index in which the company is a component, it shouldn't come as a surprise to some investors that the Vetr crowd

downgraded IBM's stock rating to 3.5-stars out of a possible 5-stars. Related link: Here's how crowdsourced ratings can beat the market. IBM's stock has risen to $124.79 since the prior rating of 5.0-stars was issued 17 days ago. In addition to a downgrade, 75 percent of the crowd's ratings are bearish. Patrick DC Williams, a member of the Vetr crowd, simply argued, "beside Watson is [the company] going anywhere?" Despite a downgrade, the 3.5-star rating still implies an overall "buy" sentiment and the crowd sourced price target of $133.05 reflects a potential return of around 6 percent.

Market News and Data brought to you by Benzinga APIs