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Actionable news in SBUX: Starbucks Corporation,

100% Of Vetr Crowd Sees Starbucks Surging From Current Levels

Starbucks Corporation SBUX 1.67% has had a tough 2016, with its stock down more than 7 percent year-to-date. Over the last month alone, shares have tumbled roughly 3.75 percent, widely underperforming the Nasdaq index, which has gained 2.75 percent over the same period.

Following such a decline, the Vetr crowd seems to believe some room for upside has been unlocked, as evidenced by its average price target of $61.77, which implies a potential return of roughly 11.35 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect this upside potential, the Vetr community decided upgrade its rating on shares of Starbucks on Monday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

It should be noted that 100 percent of the crowd’s ratings are bullish; even the less optimistic see the stock surging from its current levels.

DateFirmActionFromTo
Jul 2016Goldman SachsMaintainsBuy
Jul 2016BTIG ResearchMaintainsBuy
Jul 2016WedbushMaintainsOutperform

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