Splunk Offers Upside Of Almost 14%: Vetr

Shares of Splunk Inc SPLK have lost 2.7 percent since last Thursday. The Vetr crowd seems to believe this has unlocked some room for further upside, as evidenced by its average price target of $66.00, which implies a potential return of almost 14 percent from current valuations.

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Seeking to better reflect the larger upside potential, the Vetr crowd has upgraded its rating on shares of Splunk on Monday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.

It should be noted that, in accordance with the new score, 71 percent of the crowd’s ratings are bullish at the time.