GoPro Rebound To Continue, Vetr Crowd Says

Shares of GoPro Inc GPRO have had a tough 2016, having lost more than 13.3 percent year-to-date. However, since mid May, the stock has recuperated more than 76 percent of its value. And, the Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $17.83, which implies a potential return of roughly 13 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 GoPro on Tuesday, 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 58 percent of the crowd’s ratings are bullish, meaning that the most optimistic raters issued high price targets, pushing the average up.

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