Splunk Reaches Analyst Target Price
February 13, 2018 at 09:33 AM EST
In recent trading, shares of Splunk Inc (SPLK) have crossed above the average analyst 12-month target price of $87.96, changing hands for $88.68/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..