Share of Costco Wholesale Corporation COST have been pretty much flat over the past month. However, the stock is down roughly 5.65 percent year-to-date, and this decline has created room for upside, the crowd seems to believe.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
According to Vetr data, the crowd is now expecting the stock to reach $170.25 (the average price target), which would imply an 11 percent upside from current valuations.
To better reflect this potential, top raters at the Vetr community have decided to upgrade their rating on the stock from 4.0 Stars to 4.5 Stars - out of a possible 5.0 Stars rating. It should be noted that 92 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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