Splunk's Success Story Sees No Endpoint, Analyst Highlights Customer Enthusiasm
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Mike Cikos reiterated a Buy rating on Splunk Inc. (NASDAQ:SPLK) and raised the price target to $125 from $120. Cikos praised Splunk's Q1 FY24 results, highlighting improving operating margins and free cash flows. He sees the company as an industry leader with solid products and a huge market opportunity.
May 25, 2023 | 6:52 pm
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Needham analyst Mike Cikos raised the price target for Splunk Inc. (NASDAQ:SPLK) to $125 from $120, reiterating a Buy rating. He praised the company's Q1 FY24 results and sees it as an industry leader.
The raised price target and Buy rating from Needham analyst Mike Cikos indicate a positive outlook for Splunk Inc. (NASDAQ:SPLK). The praise for the company's Q1 FY24 results and recognition as an industry leader with solid products and a huge market opportunity suggest a positive short-term impact on the stock price.
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