Shares of Urban Outfitters, Inc. URBN have gained more than 56 percent since the year started and more than 20 percent over the past month. Nonetheless, the Vetr crowd seems to believe the rally will continue, as evidenced by its average price target of $37.50. This target implies a potential return of roughly 5.75 percent from current valuations.
Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Urban Outfitters on Thursday, from 3.0 stars (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.
It should be noted that, in accordance with the new rating, 66 percent of the crowd’s ratings are bullish at the time.
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