Shares of Cisco Systems, Inc. CSCO have been quite volatile in 2016. But, ultimately, they have lost more than 2.9 percent of their value since the year began, and 5.7 percent in the last week. Following the most recent decline, top raters at the Vetr community seem to believe some upside potential has been unlocked.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
On Thursday, top raters at the Vetr community decided to upgrade their rating on the stock from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
The new rating seeks to reflect the crowd’s average price target of $29.92, which implies an upside potential of almost 12.75 percent from current valuations.
Finally, it should be noted that 80 percent of the crowd's ratings on Cisco are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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