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Fly News Breaks for May 25, 2018
SPLK
May 25, 2018 | 05:24 EDT
MUFG analyst Stephen Bersey raised his price target for Splunk to $127 saying the company last night reported a "solid" quarter, which included 43 seven-figure deals, up from 35 last year. The end market tailwinds that have helped drive Splunk's "impressive" revenue growth over the past several years show no signs of abating, Bersey tells investors in a research note. He forecasts continued annual revenue growth over 20% through fiscal 2020 and reiterates an Overweight rating on Splunk shares.
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