Starbucks Could Return 12.5%, Vetr Crowd Says

Shares of Starbucks Corporation SBUX have lost roughly 10 percent year-to-date, and more than 2.6 percent in the last month alone.

The Vetr crowd seems to believe the most recent decline has created some room for upside, as evidenced by its average price target of $60.97. This target implies a potential return of roughly 12.5 percent from current valuations.

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

Seeking to better reflect the upside potential, the Vetr crowd decided to upgrade its rating on shares of Starbucks on Wednesday, from 4.0 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, 96 percent of the crowd’s ratings are bullish at the time.