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Fly News Breaks for March 2, 2018
SPLK
Mar 2, 2018 | 09:18 EDT
Needham analyst Jack Andrews raised his price target on Splunk to $123 and kept his Buy rating after the company's "strong" Q4 results saw a 21% increase in orders over $100K and average license ASPs rose to $95K from $69K in the prior year. Andrews points to Splunk's continued acceleration in revenue and billings growth, adding that the company is "one of the few open-ended growth stories in technology".
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