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Fly News Breaks for November 19, 2019
SPLK
Nov 19, 2019 | 06:52 EDT
BMO Capital analyst Keith Bachman keeps his Outperform rating and $155 price target on Splunk ahead of its Q3 results this week, saying the company's recently announced new pricing choices should not lead to disruptions in its sales cycles. The analyst also believes that the shift from upfront contract collections to annual collections should be "roughly revenue neutral" in the long run, adding that he continues to see upside for the stock.
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