Needham & Company Starts Splunk (SPLK) at Buy
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Get Alerts SPLK Hot Sheet
Rating Summary:
24 Buy, 34 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 41
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Needham & Company initiates coverage on Splunk (NASDAQ: SPLK) with a Buy rating and a price target of $95.00.
Analyst Jack Andrews said Splunk represents one of the few open-ended growth stories in technology, since the more customers use their software, the more they want to use it.
He said it is a question of when, not if, SPLK shares break out of their multi-year trading range.
For an analyst ratings summary and ratings history on Splunk click here. For more ratings news on Splunk click here.
Shares of Splunk closed at $64.09 yesterday.
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