UBS AG Increases Splunk Price Target to $100.00 (SPLK)
Equities research analysts at UBS AG lifted their target price on shares of Splunk (NASDAQ:SPLK) from $80.00 to $100.00 in a research note issued to investors on Friday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective suggests a potential upside of 12.98% from the company’s current price.
In other Splunk news, SVP Leonard Stein unloaded 10,000 shares of Splunk stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $86.68, for a total value of $866,800.00. Following the completion of the transaction, the senior vice president now directly owns 87,774 shares in the company, valued at approximately $7,608,250. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on SPLK. Analysts at Bank of America reiterated a “buy” rating on shares of Splunk in a research note on Thursday. They now have a $90.00 price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Splunk from $90.00 to $110.00 in a research note on Tuesday. Finally, analysts at JMP Securities raised their price target on shares of Splunk from $70.00 to $99.00 in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $77.13.
Splunk (NASDAQ:SPLK) traded up 0.38% on Friday, hitting $88.85. The stock had a trading volume of 613,545 shares. Splunk has a 1-year low of $34.00 and a 1-year high of $89.00. The stock has a 50-day moving average of $78.28 and a 200-day moving average of $65.37. The company’s market cap is $9.531 billion.
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.