Splunk Given a $90.00 Price Target by Cantor Fitzgerald Analysts (SPLK)
Cantor Fitzgerald set a $90.00 price objective on shares of Splunk (NASDAQ:SPLK) stock in a research note issued on Thursday, StockRatingsNetwork reports. Cantor Fitzgerald’s price objective would suggest a potential upside of 18.44% from the company’s current price.
In other Splunk news, SVP Thomas Schodorf sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $74.46, for a total transaction of $446,760.00. Following the transaction, the senior vice president now directly owns 281,911 shares of the company’s stock, valued at approximately $20,991,093. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Splunk (NASDAQ:SPLK) traded up 3.57% on Thursday, hitting $78.70. 517,602 shares of the company’s stock traded hands. Splunk has a 52-week low of $31.14 and a 52-week high of $76.99. The stock has a 50-day moving average of $70.83 and a 200-day moving average of $60.10. The company’s market cap is $8.442 billion.
A number of other analysts have also recently weighed in on SPLK. Analysts at Atlantic Securities initiated coverage on shares of Splunk in a research note to investors on Monday. They set an “overweight” rating on the stock. Separately, analysts at Barclays downgraded shares of Splunk from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, January 10th. They now have a $72.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at UBS AG upgraded shares of Splunk from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Splunk presently has a consensus rating of “Buy” and a consensus target price of $69.90.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.