Shares of Whole Foods Market, Inc. WFM have been volatile this year, down 8.3 since January. Volatility has lingered over the past month as well.
However, the Vetr crowd seems to believe shares of Whole Foods are ripe for a rebound, as evidenced by its average price target of $31.97. This target implies a potential return of roughly 3.65 percent from current valuations.
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Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Whole Foods on Tuesday, from 3.0 (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.
It should be noted, however, that 86 percent of the crowd’s ratings are bullish, meaning that the crowd thinks the room for upside is limited.
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