Microsoft To Gain 5%, Vetr Crowd Says

Shares of Microsoft Corporation MSFT have been quite range-bound this year, but ultimately up 2.3 percent since January. Interestingly, the stock is now trading at the same level it did at the beginning of August, but 1.4 percent lower than it did last Friday.

Following the most recent decline, the Vetr crowd seems to believe some room for upside has been unlocked, as evidenced by its average price target of $59.97. This target implies a potential return of roughly 5 percent from current valuations.

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Seeking to better reflect this upside potential, the Vetr crowd decided to upgrade its rating on shares of Microsoft on Friday, from 3.0 stars (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.

It should be noted that, despite the upgrade, 58 percent of the crowd’s ratings are bearish at the time, meaning that those bullish are particularly optimistic on the upside the company can deliver.