Shares of Whole Foods Market, Inc. WFM have lost 9.6 percent year-to-date, and 9.4 percent in the last month alone. Following such a decline, investors seem to believe plenty of upside potential has been unlocked.
Consequently, top raters at the Vetr community decided to upgrade their rating on the stock from 4.0 Stars to 4.5 Stars -- out of a possible 5.0 Stars rating.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
The new rating better reflects the crowd’s average price target of $35.43, which implies a 16 percent upside potential from current valuations.
Finally, investors should notice that 72 percent of the crowd's ratings are bullish.
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.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.