Despite the 3.7 percent surge seen in its stock price over the past month, shares of Microsoft Corporation MSFT are down 3.15 percent year-to-date. However, the recent recuperation probably had an impact on the decision to upgrade the stock’s rating that top raters at the Vetr community took on Monday.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
On the first day of the week, the crowd boosted its rating for Microsoft from 3.0 Stars to 3.5 Stars- out of a possible 5.0 Star rating.
It should be noted that 75 percent of the crowd’s ratings are bullish; their average price target of $56.43 implies an upside of roughly 5 percent from current valuations.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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