UBS Maintains Neutral on Splunk, Raises Price Target to $120
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Karl Keirstead maintains a Neutral rating on Splunk (NASDAQ:SPLK) and raises the price target from $105 to $120.
August 24, 2023 | 2:04 pm
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NEUTRAL IMPACT
UBS analyst Karl Keirstead maintains a Neutral rating on Splunk and raises the price target from $105 to $120.
The news is directly about Splunk and its price target being raised by UBS. However, the Neutral rating suggests that the analyst does not expect significant price movement in the short term. Therefore, the short term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100