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Fly News Breaks for August 17, 2018
SPLK
Aug 17, 2018 | 08:52 EDT
Wedbush analyst Steve Koenig said his checks with Splunk partners point to continued sales momentum, with minimal competition, in enterprise accounts. He's also hearing "excitement" around Phantom and street expectations don't appear to incorporate the potential upside from Phantom, according to Koenig. The analyst, who said he expects "clean beats in upcoming quarters" from Splunk, keeps an Outperform rating and $124 price target on the shares ahead of the company's Q2 report due on Thursday, August 23.
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