Analysts Offer Insights on Technology Companies: Sina Corp (NASDAQ: SINA), Salesforce.com (NYSE: CRM) and Splunk Inc (NASDAQ: SPLK)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on Sina Corp (NASDAQ: SINA), Salesforce.com (NYSE: CRM) and Splunk Inc (NASDAQ: SPLK).

Sina Corp (NASDAQ: SINA)

Stifel Nicolaus analyst George Askew reiterated a Hold rating on Sina Corp (NASDAQ: SINA) on June 19 and set a price target of $92. The company’s shares closed yesterday at $87.61.

According to TipRanks.com, Askew is a 4-star analyst with an average return of 14.3% and a 58.4% success rate. Askew covers the Services sector, focusing on stocks such as Spark Networks Plc, LightInTheBox, and Alibaba Group.

Sina Corp has an analyst consensus of Moderate Buy, with a price target consensus of $102.

Salesforce.com (NYSE: CRM)

In a report issued on June 19, Tom Roderick from Stifel Nicolaus reiterated a Buy rating on Salesforce.com (NYSE: CRM), with a price target of $105. The company’s shares closed yesterday at $88.62, close to its 52-week high of $91.99.

According to TipRanks.com, Roderick is a 5-star analyst with an average return of 10.4% and a 63.8% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Nuance Communications.

Salesforce.com has an analyst consensus of Strong Buy, with a price target consensus of $99.17.

Splunk Inc (NASDAQ: SPLK)

In a report issued on June 19, Brad Reback from Stifel Nicolaus reiterated a Hold rating on Splunk Inc (NASDAQ: SPLK), with a price target of $61. The company’s shares closed yesterday at $58.43.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 13.4% and a 67.9% success rate. Reback covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Intralinks Holdings, and Barracuda Networks.

Currently, the analyst consensus on Splunk Inc is Strong Buy and the average price target is $75.40, representing a 29.0% upside.

In a report issued on June 15, Wedbush also downgraded the stock to Hold with a $63 price target.

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