Bed Bath & Beyond Could Post Double-Digits Returns, Vetr Crowd Says

Shares of Bed Bath & Beyond Inc. BBBY have had a tough 2016, having lost more than 5.3 percent year-to-date. However, since late June, the stock has recuperated more than 9 percent of its value. And, the Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $50.50, which implies a potential return of roughly 10.5 percent from current valuations.

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Seeking to better reflect this upside potential, the Vetr community decided upgrade its rating on shares of Bed Bath & Beyond on Tuesday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

It should be noted that, in accordance with the new rating, 80 percent of the crowd’s ratings are bullish.

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