Shares of Shake Shack Inc SHAK have been very volatile this year. After several ups and downs, the stock is down more than 14 percent year-to-date. In fact, since the beginning of March, shares have lost more than 18 percent. In such a depressed prices environment, the crowd has become more bullish on the stock.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
Last Wednesday, top raters at the Vetr community had upgraded shares of Shake Shack from 4.0 Stars to 4.5 Stars -- out of a possible 5.0 Star rating. Now, they have once again promoted the shares to 5.0 Stars.
The crowd has set a price target of $39.52 implies an upside of more than 17 percent from current valuations. Furthermore, 78 percent of the crowd's ratings are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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