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Splunk (SPLK) Stock Forecast & Price Target

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SPLK Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
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)	0 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	18 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	$148.60	$132.68
Forecasted Upside	0.06% Upside	0.06% Upside	-5.29% Downside	-12.67% 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	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	0.06% Upside	532.55% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent SPLK News	Positive 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 Monday at 01:13 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 Wednesday, November 20, 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 market position in the software infrastructure industry, particularly with its unified security and observability platform, which is increasingly critical for organizations facing cyber threats.
The company has shown significant growth in its stock price, currently recorded at $156.22, indicating positive market sentiment and potential for further appreciation.
With a high institutional ownership percentage of 90.58%, Splunk Inc. is favored by large investors, which can signal confidence in the company's future performance.
Splunk Inc. offers a comprehensive suite of services, including cloud solutions and customer support, which enhances customer retention and drives recurring revenue.
The recent acquisition by Cisco Systems, Inc. could provide additional resources and synergies, potentially accelerating growth and innovation within Splunk Inc.

Splunk
Bear Case

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

The company has a relatively high short percentage of float at 3.14%, indicating that some investors are betting against its stock, which could lead to volatility.
Despite its strong offerings, Splunk Inc. operates in a highly competitive market, which may pressure margins and limit growth potential.
The average daily trading volume is 1,910,000 shares, which, while substantial, may indicate a lack of liquidity during market fluctuations, potentially impacting the ability to execute large trades without affecting the stock price.
Recent month-to-month changes in shares shorted show only a slight increase, suggesting that investor sentiment may not be strongly bullish at this time.
As a subsidiary of Cisco Systems, Inc., there may be strategic shifts that could impact Splunk Inc.'s operational independence and growth trajectory.

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 year. 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 11/25/2024 by MarketBeat.com Staff

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