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Analysts Offer Insights on Technology Companies: Box (BOX), Salesforce (CRM) and Splunk (SPLK)

Analysts have been eager to weigh in on the Technology sector with new ratings on Box (BOXResearch Report), Salesforce (CRMResearch Report) and Splunk (SPLKResearch Report).

Box (BOX)

JMP Securities analyst Erik Suppiger maintained a Buy rating on Box today and set a price target of $32.00. The company’s shares closed last Wednesday at $29.26.

According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 17.6% and a 53.4% success rate. Suppiger covers the Technology sector, focusing on stocks such as Axon Enterprise, Arista Networks, and Varonis Systems.

Currently, the analyst consensus on Box is a Moderate Buy with an average price target of $33.67.

See Insiders’ Hot Stocks on TipRanks >>

Salesforce (CRM)

In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on Salesforce, with a price target of $250.00. The company’s shares closed last Wednesday at $180.01, close to its 52-week low of $154.55.

According to TipRanks.com, Walravens is a 4-star analyst with an average return of 7.1% and a 47.3% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and DigitalOcean Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Salesforce with a $241.89 average price target, representing a 36.9% upside. In a report issued on August 16, Morgan Stanley also maintained a Buy rating on the stock with a $273.00 price target.

Splunk (SPLK)

JMP Securities analyst Trevor J. Walsh maintained a Hold rating on Splunk today. The company’s shares closed last Wednesday at $110.36.

According to TipRanks.com, Walsh is a 1-star analyst with an average return of -6.4% and a 54.5% success rate. Walsh covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and SentinelOne.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Splunk with a $136.04 average price target, implying a 24.9% upside from current levels. In a report issued on August 15, Morgan Stanley also maintained a Hold rating on the stock with a $128.00 price target.

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