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 9 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SPLK shares.
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29 Wall Street research analysts have issued twelve-month price targets for Splunk's shares. Their SPLK share price forecasts range from $86.00 to $232.00. On average, they predict the company's share price to reach $117.34 in the next twelve months. This suggests a possible upside of 40.2% from the stock's current price.
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Splunk's stock was trading at $115.72 at the start of the year. Since then, SPLK shares have decreased by 27.7% and is now trading at $83.72.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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Splunk Inc. (NASDAQ:SPLK) posted its quarterly earnings results on Wednesday, December, 1st. The software company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.36) by $0.99. The software company earned $664.75 million during the quarter, compared to the consensus estimate of $646.52 million. Splunk had a negative net margin of 20.81% and a negative trailing twelve-month return on equity of 396.11%. The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.96) EPS.

Splunk updated its fourth quarter 2023 earnings guidance on Wednesday, November, 30th. The company provided earnings per share (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 Vanguard Group Inc. (9.51%), Primecap Management Co. CA (5.48%), Pictet Asset Management SA (3.03%), First Trust Advisors LP (2.00%), Sarasin & Partners LLP (1.03%) and Assenagon Asset Management S.A. (0.84%). 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.
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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 $83.72.

Splunk (NASDAQ:SPLK) has a market capitalization of $13.70 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.