Shares of Netflix, Inc. NFLX are down more than 9 percent year-to-date; however, they have been consistently on the rise for more than two months now.
Amid such a recuperation, top raters at the Vetr community have decided to upgrade their rating on the stock from 2.5 Stars to 3.0 Stars -- out of a possible 5.0 Star rating.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
Moreover, it should be noted that 63 percent of the crowd's ratings are bullish, even though their $102.50 average price target implies a potential downside of roughly 1.5 percent from current valuations.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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