Market Overview

Vetr Crowd Upgrades Whole Foods To Strong Buy

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Vetr Crowd Upgrades Whole Foods To Strong Buy
  • Shares of Whole Foods Market, Inc. (NASDAQ: WFM) have lost more than 40 percent year-to-date.
  • The Vetr crowd upgraded Whole Foods Market to Strong Buy as 88 percent of the crowd's ratings are bullish.
  • The Vetr crowd has a cumulative, crowd sourced price target of $33.30 – implying a potential 12 percent upside.

Shares of Whole Foods have fallen more than 40 percent since January as the company's growth prospects, margins, and food pricing scandals have turned investors away. However, the Vetr crowd, a crowd-sourced stock ratings platform, is bullish on the stock.

The Vetr crowd upgraded shares of Whole Foods to a Strong Buy rating of 4.5 out of five stars with a crowd sourced price target of $33.30 – implying a potential 12 percent upside to its current price.

88.9 percent of the Vetr crowd is bullish on the organic and natural grocer and rates the stock a Buy, 5.6 percent of the crowd rate the stock a Hold, while the remaining 5.6 percent would recommend a Sell rating.

However, the Vetr crowd is incrementally more bullish on The Fresh Market Inc (NASDAQ: TFM) given its five out of five star rating and a crowd sourced price target of $29.50 which implies a potential upside of nearly 25 percent.

The Vetr crowd's bullish stance towards grocers also extends beyond the organic and natural space. Shares of Kroger Co (NYSE: KR), a traditional grocery operator (which also has exposure to the organic and natural segment), is rated four stars by the crowd with a crowd sourced price target of $41.00, implying a potential 10 percent upside.

Latest Ratings for WFM

DateFirmActionFromTo
Aug 2017BarclaysDowngradesOverweightEqual-Weight
Aug 2017Tigress FinancialDowngradesBuyNeutral
Jul 2017Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

 

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Posted-In: GrocersAnalyst Color Long Ideas Upgrades Crowdsourcing Analyst Ratings Trading Ideas General Best of Benzinga

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