Splunk - SPLK Stock Forecast, Price & News

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 11 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SPLK shares.
View SPLK analyst ratings or view top-rated stocks.

29 brokerages have issued 1-year target prices for Splunk's shares. Their SPLK share price forecasts range from $86.00 to $232.00. On average, they expect the company's stock price to reach $116.00 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
View analysts price targets for SPLK or view top-rated stocks among Wall Street analysts.

Splunk's stock was trading at $86.09 at the beginning of the year. Since then, SPLK stock has increased by 10.7% and is now trading at $95.28.
View the best growth stocks for 2023 here.

Splunk saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 6,660,000 shares, a decline of 15.3% from the December 31st total of 7,860,000 shares. Based on an average daily trading volume, of 2,080,000 shares, the short-interest ratio is currently 3.2 days. Currently, 4.5% of the company's shares are sold short.
View Splunk's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our SPLK earnings forecast.

Splunk Inc. (NASDAQ:SPLK) announced its quarterly earnings data on Wednesday, November, 30th. The software company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.74) by $0.72. The software company had revenue of $929.77 million for the quarter, compared to analyst estimates of $845.91 million. Splunk had a negative trailing twelve-month return on equity of 396.11% and a negative net margin of 20.81%.

Splunk updated its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.05 billion-$1.08 billion, compared to the consensus revenue estimate of $1.06 billion.

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 Scout Investments Inc. (0.44%), Assenagon Asset Management S.A. (0.25%), Allspring Global Investments Holdings LLC (0.21%), Baillie Gifford & Co. (0.19%), Gradient Investments LLC (0.10%) and Bourgeon Capital Management LLC (0.09%). Insiders that own company stock include Douglas Merritt, Elisa Steele, Graham Smith, Jason Child, Ledger Susan St, Scott Morgan, Shawn Bice, Timothy Emanuelson and Timothy Tully.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of SPLK stock can currently be purchased for approximately $95.28.

Splunk (NASDAQ:SPLK) has a market capitalization of $15.60 billion and generates $2.67 billion in revenue each year. The software company earns $-1,339,100,000.00 in net income (profit) each year or ($4.28) on an earnings per share basis.

The company employs 7,000 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.