Splunk (SPLK) : Zacks Investment Research ranks Splunk (SPLK) as 3, which is a Hold recommendation. 19 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 26 research analysts is 1.4, which indicates as a Strong Buy.
Splunk (SPLK) : 26 Wall Street analysts covering Splunk (SPLK) believe that the average level the stock could reach for the short term is $66.19. The maximum price target given is $86 and the minimum target for short term is around $30, hence the standard deviation is calculated at $12.57.
Splunk (NASDAQ:SPLK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.14 and $52.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.00, notching a gain of 0.47% for the day. The total traded volume was 1,587,903 . The stock had closed at $53.75 on the previous day.
Also, Major Brokerage house, Stifel Nicolaus maintains its ratings on Splunk (NASDAQ:SPLK). In the latest research report, Stifel Nicolaus raises the target price from $56 per share to $62 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 16, 2016. The company shares have dropped -20.19% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $76.85 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $55.94 and the 200 Day Moving Average price is recorded at $49.54.
Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.