Shares of Tripadvisor Inc TRIP are down 26.7 percent since the beginning of the year, and 4.5 percent since last Tuesday. Following the most recent decline, top raters at the Vetr community decided to upgrade their rating on the stock from 3.5 Stars to 4.5 Stars (out of a possible 5.0 Stars rating) on Tuesday.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
The new rating better reflects the crowd’s average price target of $69.27, which implies an upside potential of roughly 16.1 percent from current valuations. Finally, it should be noticed that 70 percent of the crowd's ratings are now bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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