Buy Facebook Following Its Most Recent Decline, Vetr Crowd Says

Shares of Facebook Inc FB have gained more than 9.3 percent year-to-date, even after tumbling almost 4.5 percent in the last month. The Vetr crowd seems to believe  the most recent decline unlocked some room for upside, as evidenced by its average price target of $121.02, which implies a potential return of 6.25 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 Facebook 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, in accordance with the 3.5 Stars rating, only 64 percent of its ratings are bullish.

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