Stifel Maintains Hold on Splunk, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brad Reback maintains a Hold rating on Splunk (NASDAQ:SPLK) and raises the price target from $97 to $105.
May 25, 2023 | 1:55 pm
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Stifel analyst Brad Reback maintains a Hold rating on Splunk and raises the price target from $97 to $105.
The news of Stifel maintaining a Hold rating on Splunk and raising the price target from $97 to $105 indicates that the analyst sees potential in the stock but is not confident enough to recommend a Buy. This may lead to a neutral short-term impact on the stock price, as investors may wait for further developments or other analysts' opinions before making a decision.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100