Shares of Pandora Media Inc P have had a tough year. Since the beginning of 2016, the stock has lost more than 31 percent of its value. Amidst the depressed valuation environment, top raters at the Vetr community have decided to upgrade the stock from 4.0 Stars to 5.0 Stars – out of a possible 5.0 Stars.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
The crowd has set an average price target of $11.27 per share, which implies an upside of more than 21 percent from current prices.
It should be noted, however, that only 70 percent of the crowd’s ratings are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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