Needham analyst Jack Andrews maintained a Buy rating on Splunk Inc (SPLK) today and set a price target of $165. The company’s shares opened today at $119.30.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 21.3% and a 64.7% success rate. Andrews covers the Technology sector, focusing on stocks such as New Relic Inc, Cloudera Inc, and Nutanix Inc.
Splunk Inc has an analyst consensus of Strong Buy, with a price target consensus of $154, representing a 29.1% upside. In a report issued on May 13, Monness also maintained a Buy rating on the stock with a $200 price target.
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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 $118 million.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock.
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 marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries.
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