Short Term Rating on Splunk (SPLK)

Splunk (SPLK) : Zacks Investment Research ranks Splunk (SPLK) as 3, which is a Hold recommendation. 19 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 26 research analysts is 1.4, which indicates as a Strong Buy.

Splunk (SPLK) : The most positive equity analysts on Splunk (SPLK) expects the shares to touch $86, whereas, the least positive believes that the stock will trade at $30 in the short term. The company is covered by 26 Wall Street Brokerage Firms. The average price target for shares are $66.19 with an expected fluctuation of $12.57 from the mean.

For the current week, the company shares have a recommendation consensus of Buy.


Splunk (NASDAQ:SPLK): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.95 and $56.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.00, notching a gain of 2.86% for the day. The total traded volume was 1,758,553 . The stock had closed at $57.36 on the previous day.

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.

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