Costco To Surge Another 5.65%, Vetr Crowd Says

Shares of Costco Wholesale Corporation COST have been volatile this year. Moreover, since May lows, the stock has recuperated almost 14.65 percent of its value.

It seems like the Vetr crowd believes the rally will go on a bit further, as evidenced by its average price target of $170.67. This target implies a potential return of roughly 5.65 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 Costco on Wednesday, from 3.0 (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.

It should be noted that 83 percent of the crowd’s ratings are bullish at the time, meaning that, while mostly positive on the stock, the crowd thinks the room for upside is limited.