Splunk (NASDAQ:SPLK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.4 by 26 Brokerage Firm. 19 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Stifel Nicolaus maintains its rating on Splunk (NASDAQ:SPLK). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Stifel Nicolaus raises the price target from $56 per share to $62 per share. The rating by the firm was issued on June 16, 2016.
Splunk (NASDAQ:SPLK) stock has received a short term price target of $ 66.19 from 26 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $12.57. The higher estimate of target price is $86 , while the lower price target estimate is $30
Splunk (NASDAQ:SPLK) rose 1.15% or 0.68 points on Tuesday and made its way into the gainers of the day. After trading began at $59.24 the stock was seen hitting $59.97 as a peak level and $59.01 as the lowest level. The stock ended up at $59.56. The daily volume was measured at 1,528,501 shares. The 52-week high of the share price is $76.85 and the 52-week low is $29.85. The company has a market cap of $7,914 million.
Shares of Splunk, Inc. rose by 5.16% in the last five trading days and 12.7% for the last 4 weeks. Splunk, Inc. is up 23.31% in the last 3-month period. Year-to-Date the stock performance stands at 1.28%.
Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.