Tesla To Surge By 18%, Vetr Crowd Says

Shares of Tesla Motors Inc TSLA have been quite volatile this year, but have ultimately lost almost 18 percent. Over the past month alone, the stock tumbled more than 13.3 percent, leading the Vetr crowd to believe some room for upside has been unlocked, as evidenced by its average price target of $234.68. This target implies a potential return of roughly 18 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 Tesla on Friday, from 4.0 stars (Buy) to 4.5 stars (Strong Buy) — out of a possible five-star rating.

It should be noted that 78 percent of the crowd’s ratings are bullish at the time, implying that those positive on the stock are particularly optimistic.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.