tiprankstipranks
Splunk price target raised to $113 from $100 at BMO Capital
The Fly

Splunk price target raised to $113 from $100 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on Splunk to $113 from $100 and keeps an Outperform rating on the shares. The company’s Q4 results were "reasonable on most metrics", and while the sales mix included more license revenues, its guidance was "solid", the analyst tells investors in a research note. Competitive concerns will remain an overhang for the stock, but the "healthy" free cash flow outlook will help support the shares in the current environment, the firm added.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on SPLK:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles