Shares of Microsoft Corporation MSFT have been very volatile in 2016, but are ultimately down roughly 5.4 percent year-to-date. However, over the past month, shares recuperated more than 3.6 percent of their value, and the Vetr crowd seems to believe the rally will continue for a while.
Consequently, the Vetr community has set an average price of $55.05, which implies an upside potential of more than 5.4 percent from current valuations.
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Seeking to better reflect this upside potential, the Vetr community decided upgrade its rating on shares of Microsoft on Thursday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating. It should be noted that, while the price target suggests limited upside potential, the crowd is quite optimistic on the stock’s future. In fact, 85 percent of the crowd’s ratings are bullish. Interestingly, the distribution of the ratings is quite concentrated. Check out a chart illustrating this, here.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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