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Why Analysts Are Still in Love with Splunk

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Updated

Analyst recommendations

Of the 41 analysts covering Splunk (SPLK) on May 14, 33 (~78%) recommended “buy,” three rated it as “overweight,” and six recommended “hold.” Their average target price was $112.74, and the company’s closing price was $112.10.

Splunk has returned 62.9% in the last year, 8.2% in the last month, and 2.5% in the last week. Peers Teradata (TDC) and Tableau Software (DATA) have returned -1.5% and 1.6%, respectively, in the last week.

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Guidance

Splunk projects total revenue of $295 million–$297 million in fiscal Q1 2019 and $1.55 billion–$1.625 billion in fiscal 2019. It anticipates cloud revenue of ~$160 million in fiscal 2019 and operating cash flow and free cash flow of ~$300 million and ~$275 million, respectively.

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