Monness Sticks to Its Hold Rating for Splunk (SPLK)

In a report released today, Brian White from Monness maintained a Hold rating on Splunk (SPLKResearch Report). The company’s shares closed last Tuesday at $90.40, close to its 52-week low of $84.63.

According to, White is a 5-star analyst with an average return of 9.4% and a 55.1% success rate. White covers the Technology sector, focusing on stocks such as Palantir Technologies, Spotify Technology SA, and Alphabet Class A.

Currently, the analyst consensus on Splunk is a Moderate Buy with an average price target of $135.40.

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Splunk’s market cap is currently $14.27B and has a P/E ratio of -12.21.

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Splunk Inc.engages in developing and marketing software solutions that enable enterprises to gain real-time operational intelligence by harnessing the value of their data. Its offerings enable users to monitor, investigate, analyze and act on data, irrespective of format or source, thereby helping them in operational decision making.

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