Priceline Now A 'Hold' Case, Vetr Crowd Says

Shares of Priceline Group Inc PCLN have gained more than 5 percent since the year started, outperforming major stock indexes. Moreover, in the past month, the stock surged more than 7.5 percent, recuperating the ground lost in early May. Following the most recent spike, the Vetr crowd has became more constructive on the stock, and decided to upgrade its rating on Thursday, from 2.5 Stars (Sell) to 3.0 Stars (Hold) - out of a possible 5.0 Stars rating.

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

The new rating seeks to better reflect the crowd’s price target of $1,316.39, which implies a downside potential of approximately 1.8 percent from current valuations.

Finally, it should be noted that 69 percent of the crowd’s ratings are bearish.

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