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Splunk (NASDAQ: SPLK) received a number of price target changes and ratings updates during the last week:

  • Splunk was upgraded by analysts at Cowen and Company to an “outperform” rating. They now have a $55.00 price target on the stock.
  • Splunk had its price target lowered by analysts at Cantor Fitzgerald from $99.00 to $83.00.
  • Splunk had its price target raised by analysts at Barclays from $51.00 to $52.00. They now have an “equal weight” rating on the stock.
  • Splunk had its “neutral” rating reaffirmed by analysts at Goldman Sachs.
  • Splunk had its price target lowered by analysts at Canaccord Genuity from $70.00 to $60.00. They now have a “buy” rating on the stock.
  • Splunk had its price target raised by analysts at Deutsche Bank from $55.00 to $56.00. They now have a “buy” rating on the stock.
  • Splunk had its “fair value” rating reaffirmed by analysts at Janney Montgomery Scott. They now have a $52.00 price target on the stock, up previously from $46.00.
  • Splunk had its price target lowered by analysts at Susquehanna from $74.00 to $71.00.
  • Splunk had its price target lowered by analysts at FBR Capital Markets from $80.00 to $67.00. They now have an “outperform” rating on the stock.
  • Splunk had its price target raised by analysts at Cowen and Company from $55.00 to $60.00.
  • Splunk had its “buy” rating reaffirmed by analysts at Summit Research. They now have a $55.00 price target on the stock.

Shares of Splunk Inc (NASDAQ:SPLK) opened at 53.926 on Tuesday. Splunk Inc has a one year low of $39.35 and a one year high of $106.15. The stock’s 50-day moving average is $45.28 and its 200-day moving average is $58.65. The company’s market cap is $6.418 billion.

Splunk (NASDAQ:SPLK) last released its earnings data on Thursday, August 28th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.01) earnings per share. Splunk’s revenue was up 51.7% compared to the same quarter last year. Analysts expect that Splunk Inc will post $0.02 EPS for the current fiscal year.

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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