Keybanc Maintains Overweight Rating for Splunk: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has maintained its Overweight rating for Splunk (NASDAQ:SPLK) and raised its price target from $135.00 to $140.00. Splunk's shares are currently trading up 13.97% over the last 24 hours, at $113.89 per share. A move to $140.00 would account for a 22.93% increase from the current share price.
August 24, 2023 | 5:00 pm
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Keybanc's maintained Overweight rating and increased price target for Splunk indicates a positive outlook for the company's stock. The current upward trend in the stock price also supports this view.
The maintained Overweight rating and increased price target by Keybanc indicates their positive outlook for Splunk. This, coupled with the current upward trend in the stock price, suggests a potential short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100