Urban Outfitters' Rally To Continue, Vetr Crowd Says Buy


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Shares of Urban Outfitters, Inc. (NASDAQ: URBN) have gained more than 56 percent since the year started and more than 20 percent over the past month. Nonetheless, the Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $37.50. This target implies a potential return of roughly 5.75 percent from current valuations.

Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Urban Outfitters on Thursday, from 3.0 stars (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.

It should be noted that, in accordance with the new rating, 66 percent of the crowd’s ratings are bullish at the time.

Full ratings data available on Benzinga Pro.

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Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.


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.


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Posted In: UpgradesPrice TargetCrowdsourcingAnalyst RatingsGeneralVetr