Qualcomm Now A Buy, Vetr Crowd Says

Shares of QUALCOMM, Inc. QCOM have gained more than 7.75 percent since the beginning of the year. However, the Vetr crowd seems to believe the rally can continue. Its average price target of $58.08, which implies an upside potential of roughly 7.6 percent from current valuations.

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

Seeking to better reflect the potential returns, the Vetr community decided upgrade its rating on shares of QUALCOMM on Friday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.

Finally, it should be noted that, in accordance with the rating, 66 percent of the crowd’s ratings are bullish.

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