There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Splunk Inc (NASDAQ:SPLK) and Cloudera Inc (NYSE:CLDR) with bullish sentiments.
Splunk Inc (SPLK)
In a report released today, Rob Owens from KeyBanc maintained a Buy rating on Splunk Inc, with a price target of $132. The company’s shares closed yesterday at $115.06.
According to TipRanks.com, Owens is a top 100 analyst with an average return of 29.5% and a 74.8% success rate. Owens covers the Technology sector, focusing on stocks such as ServiceNow, Apptio Inc, and Okta Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Splunk Inc with a $134 average price target, which is a 16.5% upside from current levels. In a report issued on September 19, Credit Suisse also reiterated a Buy rating on the stock with a $130 price target.
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Cloudera Inc (CLDR)
In a report released today, Brad Reback from Stifel Nicolaus maintained a Buy rating on Cloudera Inc, with a price target of $25. The company’s shares closed yesterday at $17.08.
According to TipRanks.com, Reback is a 5-star analyst with an average return of 16.3% and a 66.7% success rate. Reback covers the Technology sector, focusing on stocks such as Ultimate Software, Citrix Systems, and Carbonite Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudera Inc with a $21.29 average price target, implying a 24.6% upside from current levels. In a report released today, Nomura also upgraded the stock to Buy with a $23 price target.
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