The Crowd Thinks Cisco Is A Strong Buy

Cisco Systems, Inc. (NASDAQ: CSCO)'s stock has gained more than 15 percent since the start of 2016 and is trading within striking distance of its 52-week high of $31.95.

Despite the strong year-to-date gains, the Vetr crowd turned incrementally bullish on Cisco's stock by upgrading its rating to 4.5-stars.

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

Shares of Cisco have fallen to $31.50 since the prior rating of 3.5-stars was issued 20 days ago, which may indicate members of the Vetr crowd are now looking to take advantage of the minor pullback.

Sixty-eight percent of the crowd's ratings are bullish and the crowd-sourced price target of $36.43 implies an upside of more than 15 percent.