Can Splunk (SPLK) Stock Emulate '23 Performance This Year?

Shares of Splunk Inc. (SPLK) surged 77% in 2023 on traction from healthy customer engagement, evident from the competitive win rates alongside solid momentum with large orders overall. Earnings estimates for the current fiscal have soared 69.2% over the past year, while that for the next fiscal are up 63.4%, implying solid inherent growth potential. With healthy fundamentals, this Zacks Rank #1 (Strong Buy) stock appears primed for a similar performance in 2024. You can see the complete list of today’s Zack ...