Splunk (SPLK) PT Raised to $89 at Macquarie

Splunk (SPLK) PT Raised to $90 at FBN Securities

FBN Securities raised its price target on Splunk (NASDAQ: SPLK) to $90.00 (from $80.00) while maintaining a Outperform rating.

Analyst Shebly Seyrafi likes the strong cloud performance.

Splunk (SPLK) PT Raised to $80 at UBS Following 3Q

UBS raised its price target on Splunk (NASDAQ: SPLK) to $80.00 (from $74.00) while maintaining a Buy rating following the company's 3Q report. Splunk made it two strong beats in a row as FQ3 license revs of $180M topped the Street's $165M, with YoY growth... More

Splunk (SPLK) PT Raised to $85 at Deutsche Bank

Deutsche Bank raised its price target on Splunk (NASDAQ: SPLK) to $85.00 (from $75.00) while maintaining a Buy rating following Q3 beat and raised guidance.

Analyst Karl Keirstead notes license growth accelerated again to 29%, the total revs beat against the high end of the... More

Splunk (SPLK) PT Raised to $80 at KeyBanc Following 3Q Report

KeyBanc raised its price target on Splunk (NASDAQ: SPLK) to $80.00 (from $70.00) while maintaining a Overweight rating following the company's 3Q. F3Q results impressed, as Splunk exceeded estimates across most major operating metrics. Revenue and billings growth of 34.3% y/y and 38.0% y/y, respectively, showed... More

Splunk (SPLK) PT Raised to $95 at BTIG Following 3Q Release

BTIG raised its price target on Splunk (NASDAQ: SPLK) to $95.00 (from $80.00) while maintaining a Buy rating following the company's 3Q. Splunk again delivered a strong quarter, with revenue and billings both coming in well ahead of our/consensus estimates and with a FY revenue... More

Splunk (SPLK) PT Raised to $95 at BofA/Merrill Lynch

BofA/Merrill Lynch raised its price target on Splunk (NASDAQ: SPLK) to $95.00 (from $80.00) while maintaining a Buy rating following 3Q. SPLK printed 38% y/y billings growth, 34% growth in core license + cloud revenue and 180bps beat in operating margin. Stock is up 14% AH... More

Splunk (SPLK) PT Raised to $85 at Stephens

Stephens raised its price target on Splunk (NASDAQ: SPLK) to $85.00 (from $75.00) while maintaining a Overweight rating.

Splunk (SPLK) PT Raised to $75 at Stifel Following 3Q

Stifel raised its price target on Splunk (NASDAQ: SPLK) to $75.00 (from $61.00) while maintaining a Hold rating following the company's 3Q. Splunk delivered EPS/revenue of $0.17/$328.7M that came in well above revenue guidance of $307M-$309M and forecasts of $0.13/$308.1M. The top-line beat was... More

Splunk (SPLK) PT Raised to $96 at Maxim Group

Maxim Group raised its price target on Splunk (NASDAQ: SPLK) to $96.00 (from $79.00) while maintaining a Buy rating following resuls.

Analyst Nehal Chokshi said normalized sales productivity trending better than prior long-term estimate.

Splunk (SPLK) PT Raised to $95 at Wells Fargo, 'Out of the Funk and into the Splunk'

Wells Fargo raised its price target on Splunk (NASDAQ: SPLK) to $95.00 (from $75.00) while maintaining a Outperform rating.

Splunk (SPLK) PT Raised to $78 at Wedbush

Wedbush raised its price target on Splunk (NASDAQ: SPLK) to $78.00 (from $66.00) while maintaining a Neutral rating.

Analyst Steve Koenig remains sidelined given the relatively high valuation but will continue to monitor for opportunistic entry points into improving new customer additions.

Splunk (SPLK) PT Raised to $105 at Drexel Hamilton

Drexel Hamilton raised its price target on Splunk (NASDAQ: SPLK) to $105.00 (from $93.00) while maintaining a Buy rating.

Splunk (SPLK) PT Raised to $90 at Canaccord Genuity on Q3 Report; 'Billings, Revenue and Margins Topped Estimates'

Canaccord Genuity raised its price target on Splunk (NASDAQ: SPLK) to $90.00 (from $80.00) while maintaining a Buy rating, following the company's third quarter earnings report.

Analyst Richard Davis notes a positive outlook on the shares, as the company reported third quarter earnings per share, billing,... More

Splunk (SPLK) PT Raised to $85 at Guggenheim

Guggenheim raised its price target on Splunk (NASDAQ: SPLK) to $85.00 (from $73.00) while maintaining a Buy rating.

Splunk (SPLK) PT Raised to $88 at Evercore ISI

Evercore ISI raised its price target on Splunk (NASDAQ: SPLK) to $88.00 (from $70.00) while maintaining a Outperform rating.

Splunk (SPLK) PT Raised to $80 at Barclays

Barclays raised its price target on Splunk (NASDAQ: SPLK) to $80.00 (from $73.00) while maintaining a Equalweight rating.

Analyst Raimo Lenschow is pleased with the Q3 report and believes positive momentum remains in the name on the back of strength in security & cloud... More

Splunk (SPLK) PT Raised to $88 at Jefferies

Jefferies raised its price target on Splunk (NASDAQ: SPLK) to $88.00 (from $81.00) while maintaining a Buy rating.

Analyst John DiFucci sees momentum accelerating and expects large deals signed at the of the quarter to benefit the company in Q4. The analyst... More

Splunk (SPLK) PT Raised to $85 at JMP Securities

JMP Securities raised its price target on Splunk (NASDAQ: SPLK) to $85.00 (from $70.00) while maintaining a Market Outperform rating.

Analyst Greg McDowell boosts his PT following the Q3 earnings report and upward adjustments to his modeled EPS. The analyst continues to recommend the equity noting its... More

Mizuho Securities Upgrades Splunk (SPLK) to Buy

Mizuho Securities upgraded Splunk (NASDAQ: SPLK) from Neutral to Buy with a price target of $90.00 (from $60.00).

Analyst Abhey Lamba has increased confidence in the company's long-tern targets as visibility improves regarding the model transition. The analyst believes demand trends remain very strong and sees... More

Splunk (SPLK) Tops Q3 EPS by 3c; Raises Outlook

Splunk (NASDAQ: SPLK) reported Q3 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $328.7 million versus the consensus estimate of $309.19 million.

GUIDANCE:

Splunk sees Q4 2018 revenue of $388-390 million, versus the consensus of $383.6... More