Splunk PT Raised to $65.00 (SPLK)
Research analysts at Credit Agricole raised their price target on shares of Splunk (NASDAQ:SPLK) from $56.00 to $65.00 in a report released on Tuesday, ARN reports. Credit Agricole’s target price indicates a potential upside of 14.20% from the company’s current price.
Shares of Splunk (NASDAQ:SPLK) traded down 5.20% during mid-day trading on Tuesday, hitting $56.92. The stock had a trading volume of 3,195,221 shares. Splunk has a 52-week low of $26.10 and a 52-week high of $63.77. The stock’s 50-day moving average is $57.09 and its 200-day moving average is $48.35. The company’s market cap is $6.022 billion.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, August 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $62.97 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 50.3% on a year-over-year basis. Analysts expect that Splunk will post $-0.01 EPS for the current fiscal year.
A number of other firms have also recently commented on SPLK. Analysts at William Blair initiated coverage on shares of Splunk in a research note to investors on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. set a $72.00 price target on shares of Splunk in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Splunk from $60.00 to $69.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $62.71.
In other Splunk news, SVP Guido Schroeder unloaded 8,000 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $61.11, for a total transaction of $488,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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