Urban Outfitters' Recent Decline Creates Buying Opportunity, Vetr Crowd Says

Urban Outfitters, Inc. URBN has had a great year, up more than 56 percent year-to-date, and more than 18 percent in the last month. Over the past five trading days, however, the shares lost more than 1.75 percent.

The Vetr community's average price target of $37.50. This target implies a potential return of roughly 5.6 percent from current valuations.

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Seeking to better reflect this upside potential, the Vetr crowd decided to upgrade its rating on shares of Urban on Wednesday, 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 previous rating, 50 percent of the crowd’s ratings are bullish at the time. This means that raters did not become more constructive, rather, the decline in the stock price made it more attractive.