Vetr Top Raters: After A 6.1% Decline Over The Past Month, Target Now A Strong Buy

Shares of Target Corporation TGT are up 4.4 percent year-to-date. However, over the past month, they lost more than 6.1 percent of their value, unlocking some room for upside.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Following the most recent decline, top raters at the Vetr community decided to upgrade their rating on shares of Shake Shack from 3.5 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating. The new rating better reflects the crowd’s average price target of $85.26, which implies an upside potential of more than 12.1 percent from current valuations.

Finally, it should be noted that 75 percent of the crowd's ratings on the retailer are now bullish.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.