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Fly News Breaks for August 25, 2017
SPLK
Aug 25, 2017 | 07:18 EDT
UBS analyst Fatima Boolani noted Splunk reported solid Q2 earnings following its Q1 trough and said its results show its execution appears back on track. The analyst said she remains positive on the longer-term opportunities for continued growth for Splunk, citing its big addressable market, strong tech sector, steady execution and limited competitive threats. Boolani reiterated her Buy rating and raised her price target to $74 from $72 on Splunk shares.
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