In a report released today, Brian White from Monness reiterated a Buy rating on Splunk Inc (SPLK), with a price target of $200. The company’s shares closed yesterday at $128.73.
According to TipRanks.com, White is a top 25 analyst with an average return of 24.8% and a 72.7% 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 $155.62 average price target, which is a 20.9% upside from current levels. In a report issued on May 16, Piper Jaffray also reiterated a Buy rating on the stock with a $160 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.
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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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