11 Analysts Have This to Say About Splunk
Portfolio Pulse from Benzinga Insights
In the last quarter, Splunk (NASDAQ:SPLK) received 11 analyst ratings, with 1 bullish and 10 indifferent. The average 12-month price target for Splunk is $149.36, which is a 15.91% increase from the previous target of $128.86. The high target is $157.00 and the low target is $105.00. Analyst ratings are opinions on stock performance and are updated quarterly.
November 27, 2023 | 12:00 pm
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Splunk has received mostly indifferent ratings from analysts, but the average price target has increased significantly, suggesting a cautiously optimistic outlook.
The increase in the average price target for Splunk indicates that analysts see potential for the stock to rise, despite the majority of them having a neutral stance. This could lead to a positive short-term impact on the stock price as investors may interpret the raised target as a sign of underlying strength or future growth prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100