Shares of Transocean LTD RIG have been very volatile this year, but have ultimately lost more than 25 percent since it began. Following such a decline, top raters at the Vetr community 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.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
The new rating better reflects the crowd’s average price target of $10.17, which implies an upside potential of almost 7 percent from current valuations.
Interestingly, it should be noted that 80 percent of the crowd's ratings on the stock are bullish, implying that the crowd as a whole is more optimistic on the company than top raters are.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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