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Whole Foods Market Ripe For Small Rebound, Vetr Crowd Says

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Shares of Whole Foods Market, Inc. (NASDAQ: WFM) have been volatile this year, down 8.3 since January. Volatility has lingered over the past month as well.

However, the Vetr crowd seems to believe shares of Whole Foods are ripe for a rebound, as evidenced by its average price target of $31.97. This target implies a potential return of roughly 3.65 percent from current valuations.

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

Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Whole Foods on Tuesday, from 3.0 (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.

It should be noted, however, that 86 percent of the crowd’s ratings are bullish, meaning that the crowd thinks the room for upside is limited.

Latest Ratings for WFM

DateFirmActionFromTo
Aug 2017BarclaysDowngradesOverweightEqual-Weight
Aug 2017Tigress FinancialDowngradesBuyNeutral
Jul 2017Wells FargoDowngradesOutperformMarket Perform

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View the Latest Analyst Ratings

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General

 

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