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The Vetr crowd on Tuesday upgraded its rating on FireEye Inc (NASDAQ:FEYE) from 3 stars (Hold), issued eight days ago, to 5 stars (Strong Buy). Crowd sentiment at the time of the upgrade was split, with 50 percent of Vetr user ratings bullish.
Vetr's upgrade on the cybersecurity company comes a day after analysts with Standpoint Research downgraded the stock to Hold following the company's Aug. 1 Q1 earnings beat. The downgrade resulted in a 2 percent sell-off to a low of $17.13 on Monday.
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Prior to Standpoint's downgrade, FireEye had received some positive analyst attention. On Sept. 7, Morgan Stanley issued and upgrade on the stock, putting it at Overweight and causing share price to jump to a year-high of $17.34.
FireEye finished Tuesday down at $17.14.
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Currently, the Vetr crowd's average price target on FireEye is up at $22.32, well above the average analyst price target of $15.93. Less than 2 percent of Vetr users are holding FEYE in their watch-lists.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.