RBC Capital Maintains Outperform on Splunk, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Splunk (NASDAQ:SPLK) and raises the price target from $120 to $125.
May 25, 2023 | 1:45 pm
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RBC Capital maintains an Outperform rating on Splunk and raises the price target from $120 to $125.
RBC Capital's raised price target for Splunk indicates a positive outlook for the stock. The Outperform rating suggests that the analyst believes the stock will outperform its peers in the short term. This news is likely to have a positive impact on the stock price as investors may see it as a sign of confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100