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Splunk (SPLK) Stock Forecast & Price Target

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SPLK Analyst Ratings Over Time

Type	Current Forecast 11/21/23 to 11/20/24	1 Month Ago 10/22/23 to 10/21/24	3 Months Ago 8/23/23 to 8/22/24	1 Year Ago 11/21/22 to 11/21/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	23 Hold rating(s)	23 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$157.00	$157.00	$136.88	$132.68
Forecasted Upside	0.06% Upside	0.06% Upside	-12.76% Downside	-12.60% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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SPLK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SPLK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Splunk Stock vs. The Competition

Type	Splunk	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.00	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	0.06% Upside	556.68% Upside	9.99% Upside
News Sentiment Rating	Neutral News See Recent SPLK News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/29/2023	Truist Financial 2 of 5 stars	Downgrade	Buy ➝ Hold	$157.00	+3.83%
11/27/2023	Jefferies Financial Group 2 of 5 stars	Reiterated Rating	Buy ➝ Hold	$157.00	+3.34%
10/10/2023	Daiwa Capital Markets 1 of 5 stars	Downgrade	Outperform ➝ Neutral
10/2/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral
9/26/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
9/22/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$105.00	-27.30%
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9/22/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
9/22/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$116.00 ➝ $157.00	+8.70%
9/22/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$135.00 ➝ $157.00	+8.70%
9/22/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	$132.00 ➝ $157.00	+8.70%
9/21/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral
9/21/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$127.00 ➝ $157.00	+8.70%
9/21/2023	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$145.00 ➝ $157.00	+8.31%
9/21/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
9/21/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight
9/21/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$157.00	+8.47%
9/21/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
9/19/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$117.00 ➝ $125.00	+4.82%
8/24/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$125.00 ➝ $130.00	+14.17%
8/24/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform ➝ Market Perform	$110.00 ➝ $115.00	+1.05%
8/24/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$100.00 ➝ $120.00	+5.57%
8/24/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$110.00 ➝ $118.00	+3.77%
8/24/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$105.00 ➝ $120.00	+5.53%
8/24/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$115.00	+15.08%
8/24/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$105.00 ➝ $120.00	+20.08%
8/24/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$130.00 ➝ $150.00	+50.11%
8/24/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$135.00 ➝ $140.00	+40.10%
8/24/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$130.00 ➝ $134.00	+34.09%
5/25/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$95.00 ➝ $110.00	+13.77%
2/21/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	$95.00 ➝ $100.00	-4.76%
1/17/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
12/5/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$150.00 ➝ $135.00	+52.30%
12/2/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$119.00	+34.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:43 AM ET.

Should I Buy Splunk Stock? SPLK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Splunk pros and cons to contact@marketbeat.com.

Splunk
Bull Case

Here are some ways that investors could benefit from investing in Splunk Inc.:

Splunk Inc. has a strong institutional ownership percentage of 90.58%, indicating confidence from large investors.
The company's Fifty-Two Week Performance stands at 36.67%, showing positive growth over the past year.
Splunk Inc. offers a unified security and observability platform, addressing critical needs in cybersecurity and digital resilience.
With a current stock price of $153.37 on record date 01/31/2024, there may be potential for value appreciation.
The company provides a range of services including adoption, implementation, education, and customer support, enhancing customer satisfaction and retention.

Splunk
Bear Case

Investors should be bearish about investing in Splunk Inc. for these reasons:

Shares Shorted Previous Month were at 4,370,000, indicating some bearish sentiment in the market.
Short Percentage of Float is at 3.22%, suggesting a portion of investors are betting against the company.
Days to Cover is at 2.5, which may indicate potential volatility in the stock due to short interest.
While the company offers a range of services, competition in the software infrastructure industry is intense, which could impact market share and profitability.
Float Size of 154,980,000 shares may lead to liquidity challenges in certain market conditions.

SPLK Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Splunk is $157.00, with a high forecast of $157.00 and a low forecast of $157.00.
: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPLK, but not buy additional shares or sell existing shares.
: According to analysts, Splunk's stock has a predicted upside of 0.06% based on their 12-month stock forecasts.
: Analysts like Splunk less than other "computer and technology" companies. The consensus rating for Splunk is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how SPLK compares to other companies.

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This page (NASDAQ:SPLK) was last updated on 11/20/2024 by MarketBeat.com Staff

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