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Splunk (SPLK) Stock Forecast & Price Target

Notice: This company has been marked as potentially delisted and may not be actively trading.

Splunk - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$136.88
-12.76% Downside
High Forecast$157.00
Average Forecast$136.88
Low Forecast$105.00
TypeCurrent Forecast
7/13/23 to 7/12/24
1 Month Ago
6/13/23 to 6/12/24
3 Months Ago
4/14/23 to 4/13/24
1 Year Ago
7/13/22 to 7/13/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
15 Buy rating(s)
Hold
23 Hold rating(s)
23 Hold rating(s)
23 Hold rating(s)
9 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$136.88$136.88$135.31$117.80
Forecasted Upside-12.76% Downside11.42% Upside11.18% Upside22.83% Upside
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SPLK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SPLK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Splunk Stock vs. The Competition

TypeSplunkComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.18
2.61
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-12.76% Downside297.41% Upside8.94% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/29/2023Truist Financial
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 DowngradeBuy ➝ Hold$157.00+3.83%
11/27/2023Jefferies Financial Group
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 Reiterated RatingBuy ➝ Hold$157.00+3.34%
10/10/2023Daiwa Capital Markets
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 DowngradeOutperform ➝ Neutral
10/2/2023Piper Sandler
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 DowngradeOverweight ➝ Neutral
9/26/2023BTIG Research
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 DowngradeBuy ➝ Neutral
9/22/2023Wedbush
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 Reiterated RatingNeutral ➝ Neutral$105.00-27.30%
9/22/2023Argus
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 DowngradeBuy ➝ Hold
9/22/2023Mizuho
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 Boost TargetNeutral ➝ Neutral$116.00 ➝ $157.00+8.70%
9/22/2023Loop Capital
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 DowngradeBuy ➝ Hold$135.00 ➝ $157.00+8.70%
9/22/2023Royal Bank of Canada
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 DowngradeOutperform ➝ Sector Perform$132.00 ➝ $157.00+8.70%
9/21/2023Robert W. Baird
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 DowngradeOutperform ➝ Neutral
9/21/2023BMO Capital Markets
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 DowngradeOutperform ➝ Market Perform$127.00 ➝ $157.00+8.70%
9/21/2023Rosenblatt Securities
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 DowngradeBuy ➝ Neutral$145.00 ➝ $157.00+8.31%
9/21/2023Needham & Company LLC
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 DowngradeBuy ➝ Hold
9/21/2023Wells Fargo & Company
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 DowngradeOverweight ➝ Equal Weight
9/21/2023Capital One Financial
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 DowngradeOverweight ➝ Equal Weight$157.00+8.47%
9/21/2023William Blair
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 DowngradeOutperform ➝ Market Perform
9/19/2023Citigroup
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 Boost TargetNeutral ➝ Neutral$117.00 ➝ $125.00+4.82%
8/24/2023Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$125.00 ➝ $130.00+14.17%
8/24/2023TD Cowen
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 Boost TargetMarket Perform ➝ Market Perform$110.00 ➝ $115.00+1.05%
8/24/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$100.00 ➝ $120.00+5.57%
8/24/2023Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$110.00 ➝ $118.00+3.77%
8/24/2023UBS Group
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 Boost TargetNeutral ➝ Neutral$105.00 ➝ $120.00+5.53%
8/24/2023Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$115.00+15.08%
8/24/2023Stifel Nicolaus
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 Boost TargetHold ➝ Hold$105.00 ➝ $120.00+20.08%
8/24/2023Bank of America
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 Boost TargetBuy ➝ Buy$130.00 ➝ $150.00+50.11%
8/24/2023KeyCorp
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 Boost TargetOverweight ➝ Overweight$135.00 ➝ $140.00+40.10%
8/24/2023Barclays
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 Boost TargetOverweight ➝ Overweight$130.00 ➝ $134.00+34.09%
5/25/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$95.00 ➝ $110.00+13.77%
2/21/2023Cowen
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 Boost TargetMarket Perform$95.00 ➝ $100.00-4.76%
1/17/2023Guggenheim
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 DowngradeBuy ➝ Neutral
12/5/2022Credit Suisse Group
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 Lower TargetOutperform$150.00 ➝ $135.00+52.30%
12/2/2022Evercore ISI
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 Lower Target$119.00+34.25%
11/7/2022Wolfe Research
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 Initiated CoverageOutperform$90.00+24.95%
8/25/2022Cowen
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 Lower TargetMarket Perform$110.00 ➝ $95.00-13.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:40 PM ET.

SPLK Forecast - Frequently Asked Questions

What is Splunk's forecast for 2024?

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Splunk is $136.88, with a high forecast of $157.00 and a low forecast of $105.00.

Should I buy or sell Splunk stock right now?

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Splunk in the last year. There are currently 23 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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.

Does Splunk's stock price have much upside?

According to analysts, Splunk's stock has a predicted upside of 11.42% based on their 12-month stock forecasts.

Do Wall Street analysts like Splunk more than its competitors?

Analysts like Splunk less than other "computer and technology" companies. The consensus rating for Splunk is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how SPLK compares to other companies.


This page (NASDAQ:SPLK) was last updated on 7/12/2024 by MarketBeat.com Staff

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