100% Of Vetr Crowd Sees Starbucks Surging From Current Levels

Starbucks Corporation SBUX has had a tough 2016, with its stock down more than 7 percent year-to-date. Over the last month alone, shares have tumbled roughly 3.75 percent, widely underperforming the Nasdaq index, which has gained 2.75 percent over the same period.

Following such a decline, the Vetr crowd seems to believe some room for upside has been unlocked, as evidenced by its average price target of $61.77, which implies a potential return of roughly 11.35 percent from current valuations.

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Seeking to better reflect this upside potential, the Vetr community decided upgrade its rating on shares of Starbucks on Monday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

It should be noted that 100 percent of the crowd’s ratings are bullish; even the less optimistic see the stock surging from its current levels.