Despite some volatility, shares of Sony Corp (ADR) SNE have ultimately gained roughly 7.4 percent year to date, outperforming all major U.S. stock indexes. However, over the past month, the stock has lost 5.3 percent, even after the recuperation experienced since May 10. But, the Vetr community seems to think the rebound will go higher.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
On Friday, top raters at the Vetr community decided to upgrade their rating on shares of Sony, 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 $29.77, which implies an upside potential of more than 12.6 percent from current valuations.
Finally, it should be noted that 84 percent of the crowd’s rating are bullish, meaning that the crowd as a whole is as bullish as the top raters.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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