Himax Technologies Upgraded At Vetr

For more than a year now, the Vetr community had held a 3.5 Stars (Buy) rating on shares of Himax Technologies, Inc. (ADR) HIMX. Over this period, volatility wasn't scarce.

Nonetheless, the stock has managed to gain more than 41.5 percent over the past year, and more than 26 percent over the past month. Despite this recent run-up, the Vetr crowd seems to believe there is still some room for upside left, as evidenced by its average price target of $11.31. This target implies a potential return of roughly 12.1 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect this upside potential, the Vetr crowd decided to upgrade its rating on shares of Himax on Wednesday, from 3.5 stars (Buy) to 4.5 stars (Strong Buy) — out of a possible five-star rating.

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