Citigroup Remains a Sell on Splunk Inc (SPLK)


Citigroup analyst Walter Pritchard maintained a Sell rating on Splunk Inc (SPLK) today and set a price target of $112. The company’s shares closed on Friday at $134.65, close to its 52-week high of $143.70.

According to TipRanks.com, Pritchard is a 5-star analyst with an average return of 13.5% and a 71.1% success rate. Pritchard covers the Technology sector, focusing on stocks such as Pivotal Software Inc, Proofpoint Inc, and Check Point.

Splunk Inc has an analyst consensus of Strong Buy, with a price target consensus of $156.13.

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Based on Splunk Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $2.13 million. In comparison, last year the company had a GAAP net loss of $25.07 million.

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Splunk, Inc. engages in the development and provision of software solutions. Its software solutions include cloud services, enterprise security, application delivery, big data, business analytics, and information technology operations and log management.