What 15 Analyst Ratings Have To Say About Splunk
Analysts have provided the following ratings for Splunk (NASDAQ:SPLK) within the last quarter:
Why Shares Of Splunk Are Trading Lower
Splunk Inc. (NASDAQ: SPLK) shares are trading lower Monday alongside several companies in the broader technology sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.
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Citigroup Maintains Neutral on Splunk, Lowers Price Target to $120
Citigroup analyst Fatima Boolani maintains Splunk (NASDAQ:SPLK) with a Neutral and lowers the price target from $145 to $120.
BMO Capital Maintains Outperform on Splunk, Lowers Price Target to $125
BMO Capital analyst Keith Bachman maintains Splunk (NASDAQ:SPLK) with a Outperform and lowers the price target from $142 to $125.
RBC Capital Maintains Outperform on Splunk, Lowers Price Target to $143
RBC Capital analyst Matthew Hedberg maintains Splunk (NASDAQ:SPLK) with a Outperform and lowers the price target from $152 to $143.
10 Biggest Price Target Changes For Thursday
UBS cut The Kraft Heinz Company (NASDAQ: KHC) price target from $40 to $34. Kraft Heinz shares fell 3.1% to $38.66 in pre-market trading.
Needham Maintains Buy on Splunk, Lowers Price Target to $118
Needham analyst Mike Cikos maintains Splunk (NASDAQ:SPLK) with a Buy and lowers the price target from $145 to $118.
12 Information Technology Stocks Moving In Wednesday’s After-Market Session
Gainers
Quanergy Systems (NYSE:QNGY) shares moved upwards by 6.2% to $0.85 during Wednesday's after-market session. The market value of their outstanding shares is at $78.8 million.
Recap: Splunk Q1 Earnings
Splunk (NASDAQ:SPLK) reported its Q1 earnings results on Wednesday, May 25, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Splunk beat estimated earnings by 56.76%, reporting an EPS of $-0.32 versus an estimate of $-0.74.