Fly News Breaks for March 5, 2020
Mar 5, 2020 | 06:34 EDT
UBS analyst Fatima Boolani raised the firm's price target on Splunk to $186 from $176 and keeps a Buy rating on the shares. The analyst notes that the bears may focus on the small revenue beat and deceleration in software revenue growth, but she is positive on the company's accelerating transition to Cloud-deployed Splunk amplifying revenue recognition as well as the currently understated bookings performance.
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