Splunk Receives Average Recommendation of “Buy” from Analysts (NASDAQ:SPLK)
Splunk (NASDAQ:SPLK) has received a consensus rating of “Buy” from the thirty-one brokerages that are currently covering the company, ARN reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $72.56.
Splunk (NASDAQ:SPLK) opened at 47.24 on Thursday. Splunk has a one year low of $39.35 and a one year high of $106.15. The stock’s 50-day moving average is $48.53 and its 200-day moving average is $65.96. The company’s market cap is $5.601 billion.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 50.2% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Splunk from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 9th. 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.
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