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The value of Nordstrom, Inc. (NYSE: JWN) shares have fallen about 15 percent over the past three months, and the Vetr community recently downgraded the company from 3.5 to 3 stars.
A poor first quarter earnings report in early May sent Nordstrom shares into a steady decline towards the $44.49 value it opened at on Tuesday.
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See how crowd sourced ratings can help make predictions in the market?
Vetr members have given Nordstrom a Hold rating and $43.19 price target. This price target is slightly lower than the $46.98 price target from Street analysts.
Of all Vetr raters, one third believe that Nordstrom shareholders should sell the stock.
See Vetr’s full analysis on Nordstrom here.
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.