Over the past couple of trading days, shares of Wynn Resorts, Limited WYNN fell more than 13.5 percent. However, the stock is still up by 27 percent year-to-date and over 70 percent from its January lows.
It seems like the Vetr crowd believes the rise will continue, as suggested by its average price target of $96.42, which implies a potential return of roughly 9.75 percent.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on Wynn’s stock on Monday, from 2.5 Stars (Sell) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.
It should be noted that, in accordance with the new rating, 58 percent of the crowd's ratings are bullish at the time.
Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.
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