Blue Apron just got a flood of bullish ratings from Wall Street, and its shares are flying

Is this an example of the herding behavior in the institutional space?

After all, equity analysts are expected to have a "crystal ball" in their recommendations. Going with the crowd is a definitely a way to likely extrapolate growth into the future. Will it be a "self fulfilling prophecy" ?!

Now, I have not reviewed the fundamental data of Blue Apron, but from an analyst's position it is a great way to mitigate risk. It could be a big winner. As a fundamentalist, I always look at an extended record of performance to evaluate the most important and difficult to analyze qualitative metric, management.