Evercore ISI Group Downgrades Splunk to In-Line, Announces $157 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Kirk Materne has downgraded Splunk (NASDAQ:SPLK) from Outperform to In-Line and set a price target of $157.
October 09, 2023 | 10:42 am
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Splunk has been downgraded from Outperform to In-Line by Evercore ISI Group, with a new price target of $157.
The downgrade from Outperform to In-Line suggests that the analyst believes the stock will perform about as well as other stocks in the market, rather than outperforming them. This could potentially lead to a decrease in investor interest and a short-term drop in the stock price.
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IMPORTANCE 80
RELEVANCE 100