Loop Capital Downgrades Splunk to Hold, Raises Price Target to $157
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Yun Kim has downgraded Splunk (NASDAQ:SPLK) from Buy to Hold, while raising the price target from $135 to $157.
September 22, 2023 | 10:48 am
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Splunk has been downgraded from Buy to Hold by Loop Capital, but the price target has been raised from $135 to $157.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the short term. However, the raised price target indicates an expectation of long-term growth. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100