Vetr Top Raters Upgrade Ferrari, 89% Bullish
Shares of Ferarri NV (NYSE: RACE) have lost nearly 25 percent since its IPO debut but the stock's underperformance hasn't deterred Vetr top raters from holding a bullish stance on the maker of sports vehicles.
Vetr top raters upgraded Ferrari's stock rating to 4.5-stars. However, the company isn't particularly popular among the Vetr crowd as less than 2 percent of users are holding the stock in their watch-lists.
In addition to an upgrade to clear bull territory, 89 percent of the crowd's ratings are bullish and the crowd sourced price target of $38.83 implies an upside of more than 5 percent.
Related link: Here's how crowdsourced ratings can beat the market.
Despite Vetr top raters' bullish stance on Ferrari's stock, the crowd is incrementally bullish on other car manufacturers, such as General Motors Company (NYSE: GM).
General Motors' stock is rated 5-stars out of 5 and approximately 95 percent of the crowd's ratings are bullish while the crowd sourced price target of $36.92 implies a potential upside of nearly 30 percent.
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