Shares of Staples, Inc. SPLS are roughly 11 percent since the beginning of the year, and more than 28 percent from their February lows. Following such a runup, the Vetr community seems to believe there is no room left for upside, given its $10.53 average price target on the stock – shares closed at $10.50 on Friday.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
On Friday, top raters at the Vetr community decided to upgrade their rating on shares of Staples from 2.5 Stars to 3.0 Stars -- out of a possible 5.0 Stars rating, to better reflect a Hold recommendation. However, it should be noted that 57 percent of the crowd's ratings are now bearish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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