Loading...
Loading...
In a report published Friday, Canaccord Genuity analyst Richard Davis initiated coverage on
SplunkSPLK with a Buy rating and $62.00 price target.
In the report, Canaccord Genuity noted, “Big Data captures imaginations, but the more valuable insight is that Splunk has developed one of the leading plays, and only mid-cap public investment play, on something more interesting – helping companies understand what's happening in their business. More specifically, that means discovering what's happening and assessing the importance of recorded events – whether that is elevator run times, trains, routers or e-commerce customer activity. In effect, Splunk is a critical infrastructure underlying ‘The Internet of Things.' The firm does this with best-in-class indexing, search and as of June an analytics engine for Hadoop.”
Splunk closed on Thursday at $55.39.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in