The mean of analysts' price targets for Splunk (SPLK) points to a 33.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The average brokerage recommendation (ABR) for Splunk (SPLK) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
A spat of positive earnings lifted the Internet - Software Group this week.