Capital One Downgrades Splunk to Equal-Weight, Announces $157 Price Target
Portfolio Pulse from Benzinga Newsdesk
Capital One analyst Connor Murphy has downgraded Splunk (NASDAQ:SPLK) from Overweight to Equal-Weight and set a price target of $157.
September 21, 2023 | 3:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Splunk has been downgraded by Capital One from Overweight to Equal-Weight, with a new price target of $157.
The downgrade from Overweight to Equal-Weight by Capital One indicates a less optimistic outlook for the company's stock. This could potentially lead to a decrease in the stock's price in the short term. The price target of $157 provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100