Shares of Costco Wholesale Corporation COST have tumbled more than 6.7 percent since the beginning of the month. This has created some room for upside, the Vetr crowd seems to believe.
The crowd has set an average price target of $170.67 for the stock. This target implies a potential return of roughly 13.35 percent.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
Seeking to better reflect the now larger upside potential, the Vetr crowd decided to upgrade its rating on shares of Costco on Monday, from 4.0 stars (Buy) to 4.5 stars (Strong Buy) — out of a possible five-star rating.
It should be noted that, in accordance with the new rating, 83 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.
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