Facebook Now A Hold, Vetr Community Says

Despite having experienced some volatility, shares of Facebook Inc FB are up roughly 13.25 percent year-to-date. Over the past month alone, the stock gained 8.1 percent.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Following the most recent surge, top raters at the Vetr community have decided to upgrade their rating on shares of Facebook from 2.5 Stars (Sell) to 3.0 Stars (Hold) - out of a possible 5.0 Stars rating.

The new price target seems more aligned with the crowd’s target price of $117.02, which implies a very small downside potential from current valuations. Also in line with the target and new rating from the top raters, the crowd has issued 55 percent bearish ratings.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.