Vetr Top Raters Become More Optimistic On IBM

Shares of International Business Machines Corp. IBM have gained 4.75 percent over 2016, and 22.3 percent since their February lows. However, over the past month, they have tumbled 5.5 percent, creating room for upside.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Consequently, top raters at the Vetr community have decided to upgrade their rating on the stock from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.

The new rating seeks to reflect the crowd’s price target of $153.72 per share, which implies an upside potential of roughly 7 percent from current valuations. However, it should be noted that only 57 percent of the crowd's ratings are still bearish.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.