Market Overview

UPDATE: Credit Suisse Reinstates Splunk at Outperform with $40 PT

Related SPLK
Splunk Now 'Vital' To Security Intelligence Space, Pacific Crest Says
Splunk Guidance Could Be Conservative, Morgan Stanley Predicts
CIO Priorities Good News For Microsoft, Palo Alto (Investor's Business Daily)

Credit Suisse resumed its coverage on Splunk (NASDAQ: SPLK) with an Outperform rating and a price target of $50.

Credit Suisse noted, "We believe that Splunk's disruptive technology, combined with the massive market opportunity and the early-stage adoption of Big Data technologies, position Splunk for significant, sustained revenue growth. Furthermore, we continue to view Splunk as well positioned to establish itself as a unified platform for real-time and batch data analysis, including a single UI for search, analysis, visualization, and the creation of custom reports and applications on top of both Splunk's core data engine as well as data in Hadoop, Cassandra, etc."

Splunk closed at $29.16 on Monday.

Latest Ratings for SPLK

Sep 2015Canaccord GenuityMaintainsBuy
Aug 2015UBSMaintainsBuy
Aug 2015Summit ResearchDowngradesBuyHold

View More Analyst Ratings for SPLK
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Reiteration Intraday Update Analyst Ratings


Related Articles (SPLK)

View Comments and Join the Discussion!

Get Benzinga's Newsletters