Needham analyst Jack Andrews reiterated a Buy rating on Splunk (NASDAQ:SPLK) on Thursday, setting a price target of $203, which is approximately 30.95% above the present share price of $155.02.
Andrews expects Splunk to post earnings per share (EPS) of -$2.89 for the third quarter of 2021.
The current consensus among 27 TipRanks analysts is for a Moderate Buy rating of shares in Splunk, with an average price target of $165.13.
The analysts price targets range from a high of $203 to a low of $125.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $502.05 million and a net profit of -$435.35 million. The company's market cap is $25.41 billion.
According to TipRanks.com, Needham analyst Jack Andrews is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.2% and a 65.41% success rate.
Splunk Inc .engages in developing and marketing software solutions that enable enterprises to gain real-time operational intelligence by harnessing the value of their data. Its offerings enable users to monitor, investigate, analyze and act on data, irrespective of format or source, thereby helping them in operational decision making.