Monness analyst Brian White maintained a Buy rating on Splunk Inc (SPLK) today and set a price target of $200. The company’s shares closed yesterday at $135.88, close to its 52-week high of $139.04.
According to TipRanks.com, White is a top 100 analyst with an average return of 22.5% and a 71.2% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Splunk Inc with a $161.50 average price target, implying a 18.9% upside from current levels. In a report issued on February 20, Rosenblatt Securities also maintained a Buy rating on the stock with a $150 price target.
See today’s analyst top recommended stocks >>
Based on Splunk Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $55.71 million. In comparison, last year the company had a GAAP net loss of $25.07 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
