95% Of Vetr Top Raters Like Qualcomm

Shares of QUALCOMM, Inc. QCOM are up about 2.2 percent year-to-date, having widely outperformed the Dow Jones and Nasdaq 100 indexes – both of which have posted losses so far. Moreover, over the past month, the stock has gained more than 14.6 percent.

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

The recent surge in the stock price probably made top raters at the Vetr community more bullish on the company. On Wednesday, they upgraded shares of QUALCOMM from 4.0 Stars to 4.5 Stars -- out of a possible 5.0 Star rating, setting a price target of $58.17, which implies an upside of almost 14 percent from current valuations.

It should be noted that 95 percent of the crowd's ratings are bullish. One final thing to point out: analysts seem even more optimistic on the company, as they have fixed an average price target of $61.84 per share.

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