Vetr Top Raters Downgrade IBM, 75% Of Crowd Bearish

Shares of International Business Machines Corp. (NYSE: IBM) have lost nearly 10 percent since the start of 2016 and nearly 20 percent over the past year.

Given IBM's under-performance versus the Dow Jones Index in which the company is a component, it shouldn't come as a surprise to some investors that the Vetr Crowd downgraded IBM's stock rating to 3.5-stars out of a possible five stars.

Related link: Here's how crowdsourced ratings can beat the market.

IBM's stock has risen to $124.79 since the prior 5.0-star rating was issued 17 days ago.

In addition to a downgrade, 75 percent of the Crowd's ratings are bearish. Patrick DC Williams, a member of the Vetr Crowd, simply argued, "Beside Watson is [the company] going anywhere?"

Despite a downgrade, the 3.5-star rating still implies an overall "buy" sentiment, and the crowdsourced price target of $133.05 reflects a potential return of around 6 percent.

Image Credit: By Mark Ahsmann (Own work) [CC BY-SA 3.0], via Wikimedia Commons