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Fly News Breaks for October 14, 2016
SPLK
Oct 14, 2016 | 06:24 EDT
Piper Jaffray analyst Alex Zukin assumed coverage of Splunk with an Overweight rating and $70 price target. The analyst views the company as a "category-defining market leader that essentially throws a paddle to companies swimming in a sea of data." He sees few direct competitors and a $45B total addressable market.
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