RBC Capital analyst Matthew Hedberg maintained a Buy rating on Splunk (NASDAQ:SPLK) on Thursday, setting a price target of $190, which is approximately 70.10% above the present share price of $111.7.
Hedberg expects Splunk to post earnings per share (EPS) of -$2.34 for the fourth quarter of 2021.
The current consensus among 20 TipRanks analysts is for a Moderate Buy rating of shares in Splunk, with an average price target of $172.25.
The analysts price targets range from a high of $225 to a low of $135.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $605.74 million and a net profit of -$344.43 million. The company's market cap is $18.04 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.3% and a 58.82% 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.