William Blair Downgrades Splunk to Market Perform
Portfolio Pulse from Benzinga Newsdesk
William Blair analyst Jonathan Ho has downgraded Splunk (NASDAQ:SPLK) from Outperform to Market Perform.

September 21, 2023 | 1:50 pm
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Splunk has been downgraded by William Blair from Outperform to Market Perform, which may negatively impact its stock price in the short term.
Analyst ratings often have a direct impact on stock prices. A downgrade from Outperform to Market Perform suggests that the analyst believes the stock will perform similarly to other stocks in the market, rather than outperforming them. This could lead to a decrease in demand for the stock, potentially causing its price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100