Popeyes Louisiana Kitchen Now Offers 12.75% Upside, Vetr Crowd Says

Shares of Popeyes Louisiana Kitchen Inc PLKI have lost 5.2 percent of their value since the beginning of the year, following a 6.15 percent decline in the past five trading days. Now, it seems like the Vetr crowd believes the decline has unlocked some room for upside, as suggested by its average price target of $72.73, which implies an potential return of roughly 12.75 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 Vertex on Thursday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

Finally, it should be noted that, in accordance with the new rating, 85 percent of the crowd’s ratings are bullish.

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