Western Digital Now A 'Strong Buy,' Vetr Crowd Says

Shares of Western Digital Corp WDC have lost more than 27.5 percent year-to-date, and about 11 percent in the past five trading days alone – even though they gained almost 3 percent in Tuesday trading.

Following such a decline, the Vetr crowd seems to believe some upside potential has been unlocked, as suggested by its average price target of $49.66, which implies a potential return of roughly 15 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 to upgrade its rating on Western Digital’s stock on Tuesday, from 3.5 Stars (Buy) to 5.0 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

Finally, it should be noted that, in accordance with the new rating, 91 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.