Virgin America's Decline Has Unlocked Room For Double-Digits Upside: Vetr

Virgin America Inc (NASDAQ: VA) has had a great year, up more than 52 percent in the last six months. After more than five months of low volatility, shares tumbled more than 5.2 percent in the past couple of weeks.

The Vetr crowd seems to believe this has unlocked some room for further upside, as evidenced by its average price target of $60.07, which implies a potential return of more than 13.4 percent from current valuations.

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

Seeking to better reflect the larger upside potential, the Vetr crowd has upgraded its rating on shares of Virgin America on Friday, from 3.5 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.

It should be noted that, in accordance with the new score, 83 percent of the crowd’s ratings are bullish at the time.