Splunk Receives Consensus Rating of “Buy” from Analysts (NASDAQ:SPLK)
Splunk (NASDAQ:SPLK) has received a consensus rating of “Buy” from the thirty brokerages that are currently covering the stock, AnalystRatingsNetwork reports. Nine research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $72.10.
A number of research firms have recently commented on SPLK. Analysts at Deutsche Bank cut their price target on shares of Splunk from $65.00 to $55.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Splunk (NASDAQ:SPLK) opened at 43.95 on Thursday. Splunk has a 52 week low of $39.35 and a 52 week high of $106.15. The stock’s 50-day moving average is $45.42 and its 200-day moving average is $59.77. The company’s market cap is $5.211 billion.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 50.2% on a year-over-year basis.
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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