Splunk Given New $71.00 Price Target at Susquehanna (SPLK)
Research analysts at Susquehanna lowered their target price on shares of Splunk (NASDAQ:SPLK) from $74.00 to $71.00 in a report released on Friday. Susquehanna’s price target indicates a potential upside of 56.77% from the company’s current price.
A number of other analysts have also recently weighed in on SPLK. Analysts at Cowen and Company raised their price target on shares of Splunk from $55.00 to $60.00 in a research note on Friday. Separately, analysts at Barclays raised their price target on shares of Splunk from $51.00 to $52.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Splunk from $55.00 to $56.00 in a research note on Friday. They now have a “buy” rating on the stock. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Splunk presently has a consensus rating of “Buy” and an average target price of $71.36.
Shares of Splunk (NASDAQ:SPLK) traded up 19.12% on Friday, hitting $53.95. The stock had a trading volume of 20,166,012 shares. Splunk has a one year low of $39.35 and a one year high of $106.15. The stock has a 50-day moving average of $45.09 and a 200-day moving average of $58.84. The company’s market cap is $6.397 billion. Splunk also saw unusually large options trading activity on Thursday. Stock investors purchased 10,430 call options on the stock. This represents an increase of 369% compared to the average volume of 2,224 call options.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.03. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $93.93 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 51.7% 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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