RBC Capital analyst Matthew Hedberg maintained a Buy rating on Splunk (NASDAQ:SPLK) Inc on Tuesday, setting a price target of $255, which is approximately 24.89% above the present share price of $204.18.
Hedberg expects Splunk Inc to post earnings per share (EPS) of -$1.64 for the fourth quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Splunk, with an average price target of $241.67.
The analysts price targets range from a high of $301 to a low of $165.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $491.66 million and a net profit of -$239.46 million. The company's market cap is $31.9 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 30.6% and a 77.29% success rate.
Splunk, Inc. engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M. Swan, Michael J. Baum and Robin K. Das in October 2003 and is headquartered in San Francisco, CA.