Shares of Visa Inc V are up 4.4 percent year-to-date, and almost 20 percent since their February lows. However, the Vetr crowd seems to believe the rally can go on for some more time, as evidenced by their average stock price target of $83.88, which implies an upside potential of approximately 3.75 percent from current valuations.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Seeking to better reflect this upside potential, the Vetr community decided upgrade its rating on shares of Visa on Tuesday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.
Finally, it should be noted that 63 percent of the crowd’s ratings are bullish, in accordance with the rating. Check out a chart illustrating the distribution of the ratings here.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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