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Fly News Breaks for May 21, 2018
SPLK
May 21, 2018 | 06:03 EDT
Piper Jaffray analyst Alex Zukin raised his price target for Splunk to $130 ahead of the company's Q1 results on May 24. Channel checks suggest Splunk outperformed its financial targets across geographies, Zukin tells investors in a pre-earnings research note. He expects the company to continue its "beat and raise cadence throughout the year" and reiterates an Overweight rating on the shares.
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