Splunk - SPLK Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 8 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPLK shares.
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26 brokers have issued 12-month target prices for Splunk's shares. Their SPLK share price forecasts range from $95.00 to $232.00. On average, they anticipate the company's share price to reach $134.57 in the next twelve months. This suggests a possible upside of 66.1% from the stock's current price.
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Splunk's stock was trading at $115.72 on January 1st, 2022. Since then, SPLK stock has decreased by 30.0% and is now trading at $81.03.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our SPLK earnings forecast.

Splunk Inc. (NASDAQ:SPLK) released its quarterly earnings results on Wednesday, August, 24th. The software company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.44. The software company had revenue of $798.75 million for the quarter, compared to analysts' expectations of $747.92 million. Splunk had a negative net margin of 32.85% and a negative trailing twelve-month return on equity of 396.11%. The firm's revenue was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.63) earnings per share.

Splunk updated its FY 2023 earnings guidance on Tuesday, September, 20th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.35 billion-$3.40 billion, compared to the consensus revenue estimate of $3.33 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 institutional and retail investors. Top institutional investors include Primecap Management Co. CA (5.20%), Clearbridge Investments LLC (3.33%), Pictet Asset Management SA (3.06%), Whale Rock Capital Management LLC (1.71%), UBS Asset Management Americas Inc. (1.51%) and Legal & General Group Plc (1.24%). 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 $81.03.

Splunk (NASDAQ:SPLK) has a market capitalization of $13.18 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 ($6.22) 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.