Priceline Now A Buy, Vetr Community Says

Shares of Priceline Group Inc PCLN have been volatile over 2016, but are ultimately flattish in relation to the beginning of the year. While the last month saw the stock tumble 5.2 percent, the last week witnessed a 1.3 percent recuperation, which the crowd seems to believe will continue.

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

On Wednesday, the Vetr community decided upgraded its rating on shares of Priceline, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.

The new rating seems more aligned with the crowd’s target price of $1,316.39, which implies an upside potential of more than 4 percent from current valuations.

Finally, it should be noted that only 53 percent of the crowd’s rating are bullish. This confirms the adequacy of a 3.5 star rating, which suggests that the crowd is slightly more inclined toward a Buy than toward a Hold score.

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