Splunk - SPLK Stock Forecast, Price & News

29 Wall Street 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 analysts is that investors should "buy" SPLK shares.
View SPLK analyst ratings or view top-rated stocks.

29 Wall Street analysts have issued 12 month 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 year. This suggests a possible upside of 23.9% 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 start of the year. Since then, SPLK shares have increased by 8.8% and is now trading at $93.65.
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Splunk saw a decline in short interest in 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 trading volume of 2,080,000 shares, the short-interest ratio is presently 3.2 days. Currently, 4.5% of the shares of the stock are short sold.
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) released its earnings results on Wednesday, November, 30th. The software company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.74) by $0.72. The software company earned $929.77 million during the quarter, compared to the consensus estimate 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 issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 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 number of retail and institutional investors. Top institutional shareholders include Sarasin & Partners LLP (1.01%), Sumitomo Mitsui Trust Holdings Inc. (0.52%), Scout Investments Inc. (0.44%), Assenagon Asset Management S.A. (0.25%), Parnassus Investments LLC (0.21%) and Allspring Global Investments Holdings LLC (0.21%). 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 $93.65.

Splunk (NASDAQ:SPLK) has a market capitalization of $15.33 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.