Market Overview

UPDATE: Topeka Capital Markets Initiates Splunk at Buy on Big Data Positioning

Related SPLK
D.A. Davidson Downgrades Several Tech Stocks; Which Tech Stocks Do Analysts Like?
Fast Money Halftime Report Final Trade From November 24
Making Money With Charles Payne: 11/20/14 (Fox Business)

Topeka Capital Markets initiated coverage on Splunk (NASDAQ: SPLK) with a Buy rating and a $38.25 price target.

Topeka Capital Markets commented, "Splunk is an emerging software platform vendor focused on turning machine data into realtime operational intelligence, which we believe represents an exciting play on the trend toward Big Data. Big Data remains in the early stages of development and most similar to the nascent stages of cloud computing a few years ago. Over the past four years, Splunk has grown sales by 91% per annum. We view Splunk as a high-risk, high-return stock that we believe has a disruptive technology platform that taps into the Big Data phenomenon. We believe Splunk represents one of the few pure plays on Big Data."

Splunk closed at $29.11 on Thursday.

Latest Ratings for SPLK

DateFirmActionFromTo
Dec 2014Summit Research PartnersInitiates Coverage onBuy
Dec 2014Piper JaffrayAssumesNeutral
Nov 2014Morgan StanleyMaintainsOverweight

View More Analyst Ratings for SPLK
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (SPLK)

Around the Web, We're Loving...

Get Benzinga's Newsletters