Splunk (SPLK) Receives a Rating Update from a Top Analyst

Monness analyst Brian White maintained a Hold rating on Splunk (SPLKResearch Report) today. The company’s shares closed last Monday at $151.26.

According to TipRanks.com, White is a top 100 analyst with an average return of 31.7% and a 78.4% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Salesforce.

Splunk has an analyst consensus of Moderate Buy, with a price target consensus of $207.04, implying a 42.3% upside from current levels. In a report issued on February 17, Mizuho Securities also maintained a Hold rating on the stock with a $190.00 price target.

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The company has a one-year high of $225.89 and a one-year low of $93.92. Currently, Splunk has an average volume of 2.95M.

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Splunk, Inc. engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M. Swan, Michael J. Baum and Robin K. Das in October 2003 and is headquartered in San Francisco, CA.