Shares of Wal-Mart Stores, Inc. WMT have gained about 2.75 percent since the beginning of the year. However, over the past month, they have tumbled almost 10 percent. Following the most recent decline, the crowd seems to believe that some upside potential has been unlocked.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
On Wednesday, top raters at the Vetr community have decided to upgrade their rating on shares of the famed retailer, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
The new rating seems more aligned with the crowd’s target price of $73.26, which implies a 15.6 percent upside potential from current valuations. Also in line with the target and new rating from the top raters, the crowd has issued 72 percent bullish ratings.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
