'Splunk Has Been Overshadowed By Nvidia. The Stock's About To Rally' - Barron's
Portfolio Pulse from Happy Mohamed
Splunk (SPLK), a cybersecurity and data analytics software company, has been overshadowed by Nvidia's impressive results. However, Splunk's shares are expected to rally in the coming months, according to Evercore ISI analysts. They have an Outperform rating on Splunk stock with a target price of $125, implying a 25% upside from Wednesday’s closing price.
August 24, 2023 | 1:50 pm
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Splunk's shares are expected to rally in the coming months, with a target price of $125, a 25% upside from Wednesday’s closing price.
The article mentions that despite being overshadowed by Nvidia, Splunk has been performing well and analysts predict a rally in its stock price. This is likely to have a positive impact on the stock's short-term price.
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