Shares of Sirius XM Holdings Inc. SIRI, down roughly 1.85 percent year-to-date, have been consistently on the rise since early February. Since February 10, shares have recuperated more than 19 percent of their value. However, the Vetr crowd seems to believe the stock could continue to surge.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
On Tuesday, top raters at the Vetr community decided to upgrade their rating on shares of Sirius XM, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
The new rating seems more aligned with the crowd’s target price of $4.45, which implies an upside potential of roughly 11.6 percent from current valuations.
Moreover, it should be noted that 100 percent of the crowd’s rating are bullish, meaning that the crowd as a whole is slightly more optimistic than the top raters.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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