Keybanc Maintains Overweight on Splunk, Raises Price Target to $140
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Michael Turits maintains an Overweight rating on Splunk (NASDAQ:SPLK) and raises the price target from $135 to $140.
August 24, 2023 | 8:32 am
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Keybanc analyst maintains Overweight rating on Splunk and raises price target to $140.
The news is directly related to Splunk and is positive. An Overweight rating indicates that the analyst believes the company's stock will outperform the market, and a raised price target suggests the analyst sees further upside potential. This could lead to increased investor confidence and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100