Splunk Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:SPLK)
Splunk (NASDAQ:SPLK) has been given a consensus rating of “Buy” by the thirty brokerages that are presently covering the stock, AnalystRatings.Net reports. Nine investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $72.51.
Splunk (NASDAQ:SPLK) traded down 0.14% during mid-day trading on Thursday, hitting $42.84. The stock had a trading volume of 376,960 shares. Splunk has a 1-year low of $39.35 and a 1-year high of $106.15. The stock’s 50-day moving average is $46.07 and its 200-day moving average is $60.11. The company’s market cap is $5.079 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.
SPLK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Splunk from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $43.30 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Splunk in a research note on Thursday, July 17th. They set a “market perform” rating and a $51.00 price target on the stock. Finally, 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.
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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