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Fly News Breaks for November 26, 2019
SPLK
Nov 26, 2019 | 06:18 EDT
JMP Securities analyst Erik Suppiger raised his price target on Splunk to $155 and kept his Outperform rating after its Q3 earnings beat and a 28% increase in billings along with its FY20 guidance range. The analyst maintains his view that Splunk is undervalued, currently trading at an enterprise value to expected 2021 revenue multiple of 6.2-times.
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