Splunk (SPLK) Stock Forecast, Price & News

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last twelve months. There are currently 21 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPLK, but not buy additional shares or sell existing shares.
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29 Wall Street analysts have issued 1-year target prices for Splunk's shares. Their SPLK share price forecasts range from $90.00 to $157.00. On average, they expect the company's stock price to reach $131.21 in the next twelve months. This suggests that the stock has a possible downside of 10.4%.
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Splunk's stock was trading at $86.09 at the beginning of the year. Since then, SPLK shares have increased by 70.1% and is now trading at $146.44.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our SPLK earnings forecast.

Splunk Inc. (NASDAQ:SPLK) released its quarterly earnings data on Wednesday, August, 23rd. The software company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.25. The software company earned $910.59 million during the quarter, compared to analysts' expectations of $889.29 million. Splunk had a negative trailing twelve-month return on equity of 22.78% and a negative net margin of 0.61%. Splunk's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.94) EPS.

ETFs with the largest weight of Splunk (NASDAQ:SPLK) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), ETFMG Prime Cyber Security ETF (HACK), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Future Fund Long/Short ETF (FFLS), Future Fund Active ETF (FFND), First Trust Nasdaq Cybersecurity ETF (CIBR), Motley Fool Mid-Cap Growth ETF (TMFM) and WisdomTree Cybersecurity Fund (WCBR).

Splunk updated its third quarter 2024 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.02 billion-$1.03 billion, compared to the consensus revenue estimate of $981.34 million.

350 employees have rated Splunk Chief Executive Officer Doug Merritt on Glassdoor.com. Doug Merritt has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Splunk investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Block (SQ), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), PayPal (PYPL), Tesla (TSLA) and Walt Disney (DIS).

Splunk trades on the NASDAQ under the ticker symbol "SPLK."

Splunk's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (12.37%), Clearbridge Investments LLC (2.60%), Starboard Value LP (2.46%), Geode Capital Management LLC (1.38%), Whale Rock Capital Management LLC (0.98%) and Barclays PLC (0.00%). Insiders that own company stock include Christian Smith, Douglas Merritt, Elisa Steele, Gary Steele, Graham Smith, Jason Child, Ledger Susan St, Scott Morgan, Shawn Bice, Timothy Emanuelson and Timothy Tully.
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Shares of SPLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SPLK stock can currently be purchased for approximately $146.44.

Splunk (NASDAQ:SPLK) has a market capitalization of $24.56 billion and generates $3.65 billion in revenue each year. The software company earns $-277,860,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.

The company employs 8,000 workers across the globe.

Splunk's mailing address is 270 BRANNAN STREET, SAN FRANCISCO CA, 94107. The official website for the company is www.splunk.com. The software company can be reached via phone at (415) 848-8400, via email at ir@splunk.com, or via fax at 415-568-4259.