Burlington Offers Double-Digit Upside Now, Vetr Crowd Says

Shares of Burlington Stores Inc BURL have gained more than 32 percent since the beginning of the year, comfortably outperforming major U.S. stock indexes. Over last week, however, the stock lost 4.3 percent and this has created room for upside, the Vetr crowd seems to believe.

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

Following the most recent decline, top raters at the Vetr community decided to upgrade their rating on the stock from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

The new rating better reflects the crowd’s average price target of $63.11, which implies an upside potential of more than 11 percent from current valuations.

Finally, it should be noted that 85 percent of the crowd's ratings on the Burlington Stores are bullish.

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