Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Splunk (NASDAQ:SPLK) on Thursday, setting a price target of $196, which is approximately 36.88% above the present share price of $143.19.
Abernethy expects Splunk to post earnings per share (EPS) of -$1.26 for the first quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Splunk, with an average price target of $212.1.
The analysts price targets range from a high of $260 to a low of $178.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $558.57 million and a net profit of -$165.52 million. The company's market cap is $23.16 billion.
According to TipRanks.com, Rosenblatt Securities analyst Blair Abernethy is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.1% and a 69.70% 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.