Splunk Receives Consensus Rating of “Buy” from Analysts (NASDAQ:SPLK)
Splunk (NASDAQ:SPLK) has received a consensus recommendation of “Buy” from the thirty-one brokerages that are currently covering the company, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $72.56.
Shares of Splunk (NASDAQ:SPLK) opened at 47.87 on Thursday. Splunk has a 52 week low of $39.35 and a 52 week high of $106.15. The stock has a 50-day moving average of $48.41 and a 200-day moving average of $66.27. The company’s market cap is $5.676 billion.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, May 29th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.02. The company had revenue of $85.90 million for the quarter, compared to the consensus estimate of $80.74 million. During the same quarter last year, the company posted ($0.06) earnings per share. Splunk’s revenue was up 50.2% compared to the same quarter last year.
A number of analysts have recently weighed in on SPLK shares. Analysts at Zacks downgraded shares of Splunk from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $46.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Splunk in a research note on Monday, June 2nd. They set a “neutral” rating and a $46.00 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of Splunk from $95.00 to $77.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock.
Splunk Inc provides software products. The Company’s products enable users to collect, index, and search, explore, monitor and analyze data regardless of format or source.