Shares of Synchrony Financial SYF tumbled over January and early February, and then started to recuperate. But, despite the 16.5 percent surge seen over the past month, the stock is still down about 6 percent year-to-date.
However, the recent rebound probably led top Raters at the Vetr Community to upgrade the stock from 4.0 Stars to 4.5 Stars -- out of a possible 5.0 Star rating. The crowd has set a $31.36 price target, which implies an upside of more than 10 percent from current stock prices.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
It should also be noted that 100% percent of the crowd's ratings are bullish. However, analysts seem even more optimistic, as they have fixed an average price target of $38.78 per share.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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