Market Overview

UPDATE: Pacific Crest Raises PT on Splunk Following User Conference

Related SPLK
UPDATE: BMO Capital Markets Initiates Coverage On Splunk In Midst Of Transition
Weakness seen in Splunk (SPLK): Stock Plunges 16.4% - Tale of the Tape
Old Tech is Cool Again Amid Frothy IPO Landscape (Fox Business)

In a report published Wednesday, Pacific Crest Securities analyst Brendan Barnicle reiterated an Outperform rating on Splunk (NASDAQ: SPLK), and raised the price target from $58.00 to $64.00.

In the report, Pacific Crest Securities noted, β€œThe developer enthusiasm for Splunk and its new features at the Splunk user conference yesterday was a sharp contrast to recent industry software events. Developers clearly plan to use more Splunk, which should drive faster long-term growth.”

Splunk closed on Tuesday at $61.50.

Posted-In: Brendan Barnicle Pacific Crest SecuritiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (SPLK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free