Shares of Sprouts Farmers Market Inc SFM have tumbled more than 17 percent over the past three months. Following such a decline, the Vetr crowd seems to believe plenty of room for upside has been unlocked, as evidenced by the average price target of $26.50. This implies a potential return of roughly 14.5 percent.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Seeking to better reflect this upside potential, the Vetr community decided to upgrade Sprouts Farmers Market’s stock on Friday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy).
It should be noted that, in accordance with the new rating, 85 percent of the crowd’s ratings are bullish at the time.
Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.