Actionable news
All posts from Actionable news
Actionable news in MSFT: Microsoft Corporation,

Microsoft To Gain 5%, Vetr Crowd Says

Shares of Microsoft Corporation MSFT 2.12% have been range-bound this year, ultimately up 2.3 percent since January. The stock is now trading at the same level it did at the beginning of August, but 1.4 percent lower than it did last Friday.

The Vetr crowd seems to believe some room for upside has been unlocked, as evidenced by its average price target of $59.97. This target implies a potential return of roughly 5 percent from current valuations.

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

Seeking to better reflect this upside potential, the Vetr crowd decided to upgrade its rating on shares of Microsoft on Friday, from 3.0 stars (Hold) to 3.5 stars (Buy) — out of a possible five-star rating.

It should be noted that, despite the upgrade, 58 percent of the crowd’s ratings are bearish at the time, meaning that those bullish are particularly optimistic on the upside the company can deliver.

Aug 2016UBSMaintainsBuy
Jul 2016CitigroupMaintainsSell
Jul 2016WunderlichMaintainsHold

© 2016 Benzinga does not provide investment advice. All rights reserved.