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Research analysts at Cantor Fitzgerald decreased their price target on shares of Splunk (NASDAQ:SPLK) from $99.00 to $83.00 in a report released on Wednesday. Cantor Fitzgerald’s target price would suggest a potential upside of 80.83% from the company’s current price.

SPLK has been the subject of a number of other recent research reports. Analysts at Cowen and Company upgraded shares of Splunk to an “outperform” rating in a research note on Monday. They now have a $55.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Splunk from $65.00 to $55.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Finally, 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. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Splunk presently has an average rating of “Buy” and an average price target of $71.86.

Splunk (NASDAQ:SPLK) traded down 0.69% during mid-day trading on Wednesday, hitting $45.90. 1,734,143 shares of the company’s stock traded hands. 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 $45.22 and a 200-day moving average of $59.03. The company’s market cap is $5.442 billion.

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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