Monness Keeps Their Buy Rating on Splunk Inc

By Jason Carr

In a report released today, Brian White from Monness maintained a Buy rating on Splunk Inc (NASDAQ: SPLK), with a price target of $132. The company’s shares closed yesterday at $113.08, close to its 52-week high of $117.86.

According to TipRanks.com, White is a top 100 analyst with an average return of 16.9% and a 68.7% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Facebook Inc, and Alphabet Inc.

Splunk Inc has an analyst consensus of Strong Buy, with a price target consensus of $114.61.

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The company has a one-year high of $117.86 and a one-year low of $54.17. Currently, Splunk Inc has an average volume of 1.88M.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.

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Splunk, Inc. engages in the development and provision of software solutions. The company offers cloud services, enterprise security, application delivery, big data, business analytics, information technology operations and log management through its machine data product.