Splunk (SPLK) PT Raised to $240 at RBC Capital

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Citi Upgrades Splunk (SPLK) to Neutral

August 27, 2020 8:26 AM EDT

Citi analyst Walter Pritchard upgraded Splunk (NASDAQ: SPLK) from Sell to Neutral with a price target of $234.00 (from $105.00).

The analyst comments "FY23 targets look less aggressive on the back of an uptick in cloud ARR growth, which we see as more sustainable than... More

Splunk (SPLK) PT Raised to $240 at DA Davidson

August 27, 2020 8:14 AM EDT

DA Davidson analyst Andrew Nowinski raised the price target on Splunk (NASDAQ: SPLK) to $240.00 (from $190.00) while maintaining a Buy rating following the company's 2Q earnings report. Splunk missed guidance for the second quarter in a row, though cloud revenue continued to exceed expectations. Revenue of... More