Analysts Offer Insights on Technology Companies: Splunk Inc. (NASDAQ: SPLK), Premier Inc (NASDAQ: PINC) and Guidewire (NYSE: GWRE)

By Austin Angelo

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Splunk Inc. (NASDAQ: SPLK), Premier Inc (NASDAQ: PINC) and Guidewire (NYSE: GWRE).

Splunk Inc. (NASDAQ: SPLK)

In a report released today, Mark Murphy from J.P. Morgan reiterated a Hold rating on Splunk Inc. (NASDAQ: SPLK), with a price target of $60. The company’s shares opened today at $62.48, close to its 52-week high of $65.75.

According to TipRanks.com, Murphy is a 4-star analyst with an average return of 11.0% and a 70.0% success rate. Murphy covers the Technology sector, focusing on stocks such as Nuance Communications, Cornerstone Ondemand, and Coupa Software Inc.

Currently, the analyst consensus on Splunk Inc. is Moderate Buy and the average price target is $69.69, representing an 11.5% upside.

In a report issued on November 21, MKM Partners also reiterated a Hold rating on the stock with a $55 price target.
Premier Inc (NASDAQ: PINC)

In a report released yesterday, Robert Willoughby from Credit Suisse reiterated a Buy rating on Premier Inc (NASDAQ: PINC), with a price target of $39. The company’s shares opened today at $30.53.

According to TipRanks.com, Willoughby is a 4-star analyst with an average return of 5.2% and a 62.4% success rate. Willoughby covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, The Advisory Board, and AmerisourceBergen.

Currently, the analyst consensus on Premier Inc is Moderate Buy and the average price target is $34, representing an 11.4% upside.

In a report issued on November 28, Canaccord Genuity also reiterated a Buy rating on the stock with a $40 price target.
Guidewire (NYSE: GWRE)

J.P. Morgan analyst Sterling Auty reiterated a Buy rating on Guidewire (NYSE: GWRE) yesterday and set a price target of $78. The company’s shares opened today at $58.86.

Auty wrote:

“revenue and EPS in the quarter. Looking ahead, some of the term contract wins are weighted more to the second half of this year as compared to FY16 where we saw some of the significant wins come in the first half. Europe remains a key area of investment for growth, while the US is still paying dividends from the company’s market position and initiatives that P&C carriers are focused on.”

According to TipRanks.com, Auty is a 5-star analyst with an average return of 13.9% and a 60.8% success rate. Auty covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, CSG Systems International, and Synchronoss Technologies.

Guidewire has an analyst consensus of Moderate Buy, with a price target consensus of $69.33.