Splunk rises 13% on strong results and outlook; Analyst sees more upside potential

Splunk (SPLK) PT Raised to $130 at Canaccord Genuity

Canaccord Genuity analyst Kingsley Crane raised the price target on Splunk (NASDAQ: SPLK) to $130.00 (from $125.00) while maintaining a Buy rating.... More

Splunk (SPLK) PT Raised to $120 at UBS

UBS analyst Karl Keirstead raised the price target on Splunk (NASDAQ: SPLK) to $120.00 (from $105.00) while maintaining a Neutral rating.... More

Splunk (SPLK) PT Raised to $118 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised the price target on Splunk (NASDAQ: SPLK) to $118.00 (from $110.00) while maintaining a Equalweight rating.... More

Splunk (SPLK) PT Raised to $120 at JPMorgan

JPMorgan analyst Pinjalim Bora raised the price target on Splunk (NASDAQ: SPLK) to $120.00 (from $100.00) while maintaining a Neutral rating.... More

Splunk (SPLK) PT Raised to $105 at Wedbush

Wedbush analyst Steve Koenig raised the price target on Splunk (NASDAQ: SPLK) to $105.00 (from $86.00) while maintaining a Neutral rating.... More

Splunk (SPLK) PT Raised to $135 at Baird

Baird analyst Shrenik Kothari raised the price target on Splunk (NASDAQ: SPLK) to $135.00 (from $130.00) while maintaining a Outperform rating.... More

Splunk (SPLK) PT Raised to $127 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Splunk (NASDAQ: SPLK) to $127.00 (from $117.00) while maintaining a Outperform rating.... More

Splunk (SPLK) PT Raised to $115 at TD Cowen

TD Cowen analyst Derrick Wood raised the price target on Splunk (NASDAQ: SPLK) to $115.00 (from $110.00) while maintaining a Market Perform rating.... More

Splunk (SPLK) PT Raised to $116 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz raised the price target on Splunk (NASDAQ: SPLK) to $116.00 (from $108.00) while maintaining a Neutral rating.... More

Splunk (SPLK) PT Raised to $132 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on Splunk (NASDAQ: SPLK) to $132.00 (from $125.00) while maintaining a Outperform rating.... More

Splunk (SPLK) PT Raised to $135 at Wells Fargo

Wells Fargo analyst Andrew Nowinski raised the price target on Splunk (NASDAQ: SPLK) to $135.00 (from $125.00) while maintaining a Overweight rating.... More

Splunk (SPLK) PT Raised to $150 at BofA Securities

BofA Securities analyst Brad Sills raised the price target on Splunk (NASDAQ: SPLK) to $150.00 (from $130.00) while maintaining a Buy rating.... More

Splunk (SPLK) PT Raised to $130 at Needham & Company; 'Positive ARR Surprise & Guide Increase'

(Updated - August 24, 2023 6:29 AM EDT)

Needham & Company analyst Mike Cikos raised the price target on Splunk (NASDAQ: SPLK) to $130.00 (from $125.00) while maintaining a Buy rating.

The analyst commented, "Splunk delivered a healthy beat for 2QF24, demonstrating leverage significantly strengthened by management stripping... More

Splunk (SPLK) PT Raised to $145 at Rosenblatt, 'Margins Improving Rapidly'

Rosenblatt analyst Blair Abernethy raised the price target on Splunk (NASDAQ: SPLK) to $145.00 (from $135.00) while maintaining a Buy rating.

The analyst comments "Splunk reported a Q2 revenue beat of ~2%, with operating margins of 16.7%, well above guidance of 10-12% and consensus estimates.... More

Splunk (SPLK) PT Raised to $137 at BTIG

BTIG analyst Gray Powell raised the price target on Splunk (NASDAQ: SPLK) to $137.00 (from $128.00) while maintaining a Buy rating.... More

Splunk (SPLK) PT Raised to $134 at Barclays

Barclays analyst Raimo Lenschow raised the price target on Splunk (NASDAQ: SPLK) to $134.00 (from $130.00) while maintaining a Overweight rating.... More

Splunk (SPLK) PT Raised to $140 at KeyBanc

KeyBanc analyst Michael Turits raised the price target on Splunk (NASDAQ: SPLK) to $140.00 (from $135.00) while maintaining a Overweight rating.... More