Splunk (SPLK) stock hit a new high after it got a price target hike Thursday, based on the company’s growing line of products and services in the Big Data analytics field. Analyst Brian White at Cantor Fitzgerald raised his price target on Splunk to 90 from 77. “We believe 2014 could be a breakout year for Splunk given the company’s move from a single product company to a multi-product company, larger deal sizes, new opportunities in
Splunk (SPLK) stock was up 5% in midday trading Tuesday after UBS upgraded the stock to buy from neutral, citing its first-mover advantage in the Big Data market. UBS also raised its price target to 80 from 64. Splunk stock was near 74.20 in the stock market today, but earlier in the session it hit an all-time high of 76.99. UBS analysts Brent Thill and Nicole Hayashi said in a research report Tuesday that the upgrade is based on expectations of
Tableau Software (DATA) and Splunk (SPLK) both received buy ratings from Cantor Fitzgerald on Thursday, based on a positive outlook for the Big Data trend in technology. Analyst Brian White, in a research note, said Splunk was his top IT software pick for 2014, while calling Tableau his “top emerging tech pick for 2014.” Splunk provides software to help users mine Big Data, a term referring to the massive amounts of data being created in the