Shares of Priceline Group Inc PCLN have been quite volatile this year. After losing roughly 23.6 percent between January 4 and February 8, inclusive, they managed to recuperate, and are now almost flat year-to-date. However, over the past few days, the stock has been declining, and the depressed prices have created some room for upside – or so does the Vetr crowd seem to think.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
On Tuesday, top raters at the Vetr community decided to upgrade shares of Priceline from 3.0 Stars to 3.5 Stars - out of a possible 5.0 Star rating, setting a consensus price target of $1,317.36, which implies an upside of roughly 3.8 percent from current valuations.
In addition, it should be noted that 60 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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