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Fly News Breaks for May 25, 2018
SPLK
May 25, 2018 | 07:24 EDT
BMO Capital analyst Keith Bachman raised his price target on Splunk to $125, saying the company posted a strong Q1 despite the "disappointing" new subscriber additions. Bachman notes that the management's $2B revenue target by FY20 now "looks reasonable, if not conservative", anticipating some sales upside in FY19. The analyst also expects Splunk's free cash flows to improve further, keeping his Outperform rating on the stock.
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