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Friday, March 29, 2024

Vetr Crowd Downgrades Ubiquiti To 4 Stars

Courtesy of Benzinga.

Since reaching its year-to-date high at $64.13 on February 8, Ubiquiti Networks Inc. (NASDAQ: UBNT) has traded down 22 percent, and the Vetr community has downgraded the stock from 4.5 to 4 stars.

The highlight of Ubiquiti’s big drop off was a poor second-quarter earnings report on February 9 that sent the company down 16 percent across two days.

See how crowdsourced ratings can help predict the market?

Vetr members have given Ubiquiti a Buy rating and a $55.50 price target. This price target is higher than the $42.60 price target from Wall Street analysts. The company opened Friday around $50.

Of all Vetr raters, 60 percent believe traders and investors should sell Ubiquiti stock.

For Vetr’s full analysis of Ubiquiti, go here.

Posted-In: VetrDowngrades Crowdsourcing Analyst Ratings General

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