Splunk (SPLK) Receives Analyst Rating

Splunk (SPLK) : 20 brokerage houses believe that Splunk (SPLK) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Splunk (SPLK). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 26 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.38.

Splunk (SPLK) : Currently there are 25 street experts covering Splunk (SPLK) stock. The most bullish and bearish price target for the stock is $90 and $30 respectively for the short term. The average price target of all the analysts comes to $68.44. The estimated standard deviation from the target is $13.01.


Also, Summit Redstone Partners initiates coverage on Splunk (NASDAQ:SPLK). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $72 per share. The rating by the firm was issued on September 6, 2016.

Splunk (NASDAQ:SPLK): After opening at $58.77, the stock dipped to an intraday low of $58.328 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $59.49 and the buying power remained strong till the end. The stock closed at $59.36 for the day, a gain of 1.00% for the day session. The total traded volume was 900,658. The stocks close on the previous trading day was $58.77.

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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