Vetr Crowd: Splunk To Return More Than 18%

Shares of Splunk Inc SPLK have lost 6.7 percent over the past five trading days. This, the Vetr crowd seems to believe, has unlocked some room for upside, as evidenced by its average price target of $66.00, which implies a potential return of 18.3 percent from current valuations.

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

Seeking to better reflect the larger upside potential, the Vetr community upgraded its rating on shares of Splunk on Thursday, 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 current score and price target, 83 percent of the crowd’s ratings are bullish at the time.