Splunk (SPLK) Tops Q2 EPS by 25c; Guides Higher

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Go back to Splunk (SPLK) Tops Q2 EPS by 25c; Guides Higher

Splunk (SPLK) PT Raised to $145 at Rosenblatt, 'Margins Improving Rapidly'

August 24, 2023 5:54 AM EDT

Rosenblatt analyst Blair Abernethy raised the price target on Splunk (NASDAQ: SPLK) to $145.00 (from $135.00) while maintaining a Buy rating.

The analyst comments "Splunk reported a Q2 revenue beat of ~2%, with operating margins of 16.7%, well above guidance of 10-12% and consensus estimates.... More