Barclays Maintains Overweight on Splunk, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on Splunk (NASDAQ:SPLK) and raises the price target from $122 to $130.
May 25, 2023 | 9:59 am
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POSITIVE IMPACT
Barclays analyst Raimo Lenschow maintains an Overweight rating on Splunk and raises the price target from $122 to $130.
The news of Barclays maintaining an Overweight rating on Splunk and raising the price target from $122 to $130 is positive for the stock. This indicates that the analyst believes the stock will outperform the market, which could lead to an increase in demand and potentially a higher stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100