Splunk could see huge gains ahead amid rising demand in the machine data processing and analytics space, according to Bank of America. Analyst Brad Sills named the cloud stock a top pick, while raising his price target by $20 to $150. Sills' new target implies shares could surge 50.1% in the next year from Wednesday's close.
mountain Splunk vs. the Nasdaq Composite this year — CNBC's Michael Bloom contributed to this report
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »