Fly News Breaks for January 13, 2020
Jan 13, 2020 | 06:29 EDT
UBS analyst Fatima Boolani raised her price target on Splunk to $176 and kept her Buy rating, also raising her implied expected 2020 earnings multiple to 9-times from 8-times. The analyst cites the combination of increased financial transparency with the disclosure of Splunk's annualized recurring revenues as well as her greater conviction in the company's share gains within the core security market.
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