Monster Beverage Now Faces Smaller Downside, Vetr Crowd Says

Shares of Monster Beverage Corporation MNST have gained almost 19 percent over the past six months. Over the past month, the stock lost roughly 4.3 percent of its value.

The recent decline has limited the stock’s downside potential, the Vetr crowd seems to believe. Consequently, it decided to upgrade its rating on Thursday, from 2.5 Stars (Sell) to 3.0 stars (Hold) — out of a possible five-star rating.

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The new rating better reflects the crowd’s average price target of $147.71, which implies a potential downside of 2.5 percent from current valuations.

It should be noted that, in accordance with the new rating, only 50 percent of the crowd’s ratings are bullish at the time.