Wells Fargo Maintains Overweight on Splunk, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski maintains an Overweight rating on Splunk (NASDAQ:SPLK) and raises the price target from $125 to $135.
August 24, 2023 | 2:29 pm
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POSITIVE IMPACT
Wells Fargo maintains an Overweight rating on Splunk and raises the price target from $125 to $135, indicating a positive outlook for the company.
The raised price target by Wells Fargo indicates a positive outlook for Splunk. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100