You Can Hold NVIDIA Stock Now, Vetr Crowd Says

Shares of NVIDIA Corporation NVDA have gained almost 41 percent year-to-date, and more than 30 percent over the past month alone. Following such a surge, the Vetr crowd seems to believe the rally has hit a top, as indicated by the community’s average price target of $45.50. This implies a downside potential of roughly 1.75 percent from current valuations.

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

Seeking to better reflect this situation, the Vetr community decided upgrade its rating on shares of NVIDIA on Friday, from 2.5 Stars (Sell) to 3.0 Stars (Hold) - out of a possible 5.0 Stars rating.

Finally, it should be noted that 88 percent of the crowd’s ratings are bearish, meaning that just now the community turned towards the belief that NVIDIA’s stock is one to hold, and not to sell.

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