Vetr Crowd: Activision Blizzard Now A Strong Buy

Shares of Activision Blizzard, Inc. ATVI are down 1.5 percent in 2016, but up more than 35 percent from February lows. Over the past month, the stock lost more than 3 percent of its value, unlocking some room for upside. According to the Vetr crowd, the stock could surge almost 10 percent from current valuations, as suggested by its average price target of $41.75.

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 Activision’s stock on Wednesday, from 3.5 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

Although all recent ratings in the Vetr community have been positive, 72 percent of the crowd's scores are bullish at the time, implying that there are still some bears left from the beginning of the year and late 2015.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.