Splunk PT Raised to $90.00 at Canaccord Genuity (SPLK)
Equities research analysts at Canaccord Genuity hoisted their price target on shares of Splunk (NASDAQ:SPLK) from $72.00 to $90.00 in a research note issued to investors on Friday, American Banking News reports. Canaccord Genuity’s price target would suggest a potential upside of 13.31% from the stock’s previous close.
In other Splunk news, Director Thomas M. Neustaetter unloaded 1,500 shares of the stock on the open market in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $75.72, for a total transaction of $113,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SPLK has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald set a $90.00 price target on shares of Splunk in a research note to investors on Thursday. Separately, 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. Finally, 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. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and an average target price of $70.76.
Splunk Inc (NASDAQ:SPLK) provides a software platform.
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