Mizuho Maintains Neutral on Splunk, Lowers Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz has maintained a Neutral rating on Splunk (NASDAQ:SPLK) and lowered the price target from $115 to $108.
August 16, 2023 | 11:42 am
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NEUTRAL IMPACT
Mizuho has maintained a Neutral rating on Splunk and lowered the price target from $115 to $108.
The lowered price target by Mizuho could potentially create a negative sentiment among investors, but the maintained Neutral rating indicates that the company's fundamentals remain stable. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100