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Vetr Inc. upgraded Splunk Inc (NASDAQ:SPLK) to Strong-Buy in a report released today.

Vetr Inc. has upgraded Splunk Inc (NASDAQ:SPLK) to Strong-Buy in a report released on 9/26/2016.

Previously on 9/21/2016, Vetr Inc. released a statement about Splunk Inc (NASDAQ:SPLK) increased the target price from $0.00 to $66.00. At the time, this indicated a possible upside of 0.13%.

Yesterday Splunk Inc (NASDAQ:SPLK) traded -0.96% lower at $58.15. The company’s 50-day moving average is $60.99 and its 200-day moving average is $55.40. The last stock close price is up 3.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 944,930 shares of the stock were exchanged, down from an average trading volume of 1,599,960

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Splunk Inc (NASDAQ:SPLK)

Splunk Inc has a 52 week low of $29.85 and a 52 week high of $66.90 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its target price, a total of 35 firms have reported on the stock. The consensus target price is $62.37 with 13 firms rating the stock a strong buy, 19 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Splunk Inc (NASDAQ:SPLK)

Splunk Inc. is a provider of software solutions. The Company's offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data. The Company's offerings address diverse data sets that are referred to as big data and are specifically used for machine-generated data. Machine data is produced by various software application and electronic device in an organization and contains a definitive, time-stamped record of various activities, such as transactions, customer and user activities and security threats. The Company's products help users in various roles, including information technology (IT), security and business professionals, to analyze their machine data and achieve real-time visibility into and intelligence about their organization's operations.

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