Splunk PT Raised to $47.00 (SPLK)
Investment analysts at JPMorgan Chase upped their target price on shares of Splunk (NASDAQ: SPLK) from $45.00 to $47.00 in a note issued to investors on Friday. The firm currently has an “overweight” rating on the stock.
Splunk traded up 7.86% on Friday, hitting $38.97. Splunk has a 52-week low of $25.15 and a 52-week high of $39.75. The stock’s 50-day moving average is currently $33.78. The company’s market cap is $3.843 billion.
Splunk last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $65.20 million for the quarter, compared to the consensus estimate of $60.09 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 50.9% on a year-over-year basis. Analysts expect that Splunk will post $0.01 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SPLK. Analysts at JMP Securities raised their price target on shares of Splunk from $39.00 to $41.00 in a research note to investors on Friday. Separately, analysts at Evercore Partners raised their price target on shares of Splunk from $35.00 to $38.00 in a research note to investors on Friday. They now have an “equal-weight” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Splunk from $36.00 to $45.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.
Thirteen equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and three have issued a hold rating to the stock. The stock has an average rating of “buy” and an average price target of $38.85.
Splunk Inc. (Splunk) provides a software platform. Splunk’s software collects and indexes data regardless of format or source, and enables users to search, correlate, analyze, monitor and report on this data, all in real time.
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