Shares of Priceline Group Inc PCLN have lost more than 8 percent over the past couple of trading days. The company reported strong first quarter financial results, which were overshadowed by poor guidance. Following such a decline, top raters at the Vetr community seem to believe upside potential has been unlocked.
On Thursday, top raters at the Vetr community decided to upgrade their rating on the stock from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
The new rating seeks to reflect the crowd’s average price target of $1,343.42, which implies an upside potential of almost 7.5 percent from current valuations.
Finally, it should be noted that 76 percent of the crowd's ratings on Priceline are bullish.
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