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Fly News Breaks for May 23, 2019
SPLK
May 23, 2019 | 20:46 EDT
MUFG analyst Stephen Bersey raised his price target on Splunk to $159 and kept his Overweight rating after its Q1 earnings beat, saying the company is sustaining its "impressive" operating performance with "strong" revenue growth and margin expansion. The analyst expects Splunk to continue to benefit from end market demand in FY20 and believes that its product portfolio makes it well positioned in the enterprise analytics and security markets.
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