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Fly News Breaks for August 25, 2017
SPLK
Aug 25, 2017 | 08:12 EDT
MUFG analyst Stephen Bersey believes Splunk's end markets are still in the early stages of growth and noted that the 32% year-over-year top line growth it reported in Q2 puts it in the top quartile for revenue growth among the software names the firm covers. Following what he called a "strong" quarter, he reiterated his Overweight rating and raised his price target on Splunk to $75 from $71.
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