Vetr Crowd Sees Kraft Heinz Surging By Double Digits

Shares of Kraft Heinz Co KHC have gained roughly 21.5 percent year-to-date and about 2.6 percent over the third quarter. Over the past five trading days, the stock lost 1.55 percent of value.

The Vetr crowd seems to believe the most recent decline has unlocked room for further upside, as evidenced by its average price target of $98.23. This target implies a potential return of roughly 11.7 percent from current valuations.

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Seeking to better reflect the upside potential, the Vetr crowd decided to upgrade its rating on shares of Kraft Heinz on Tuesday, from 3.5 stars (Buy) to 4.0 stars (Strong Buy) — out of a possible five-star rating.

It should be noted that, in accordance with the new rating, 70 percent of the crowd’s ratings are bullish at the time.