Courtesy of Benzinga.
Share of Costco Wholesale Corporation (NASDAQ: COST) have been pretty much flat over the past month. However, the stock is down roughly 5.65 percent year-to-date, and this decline has created room for upside, the crowd seems to believe.
Related Link: Here’s How Crowdsourced Ratings Can Beat The Market
According to Vetr data, the crowd is now expecting the stock to reach $170.25 (the average price target), which would imply an 11 percent upside from current valuations.
To better reflect this potential, top raters at the Vetr community have decided to upgrade their rating on the stock from 4.0 Stars to 4.5 Stars – out of a possible 5.0 Stars rating. It should be noted that 92 percent of the crowd’s ratings are now bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Latest Ratings for COST
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2016 | Barclays | Maintains | Equal-weight | |
Mar 2016 | Barclays | Maintains | Equal-weight | |
Feb 2016 | Cleveland | Downgrades | Buy | Neutral |
View More Analyst Ratings for COST
View the Latest Analyst Ratings
Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General