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UPDATE: Pacific Crest Raises PT on Splunk Following User Conference

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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, “The 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.

Latest Ratings for SPLK

DateFirmActionFromTo
May 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral
Apr 2015CitigroupInitiates Coverage onBuy
Apr 2015DA DavidsonInitiates Coverage onBuy

View More Analyst Ratings for SPLK
View the Latest Analyst Ratings

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

 

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