Shares of Twitter Inc TWTR have lost almost 60 percent of their value since Jack Dorsey took over as CEO on July 1, 2015. In 2016 alone, the stock price has tumbled more than 35 percent, with this week witnessing a 13.5 percent decline.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Following such a substantial fall, top raters at the Vetr community decided to upgrade their rating on the stock from 4.0 Stars to 5.0 Stars - out of a possible 5.0 Stars rating.
The new rating better reflects the crowd’s average price target of $18.71, which implies an upside potential of almost 25 percent from current valuations.
Finally, it should be noted that 84 percent of the crowd's ratings are now bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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