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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 07:48 EDT
Cowen analyst J. Derrick Wood raised the firm's price target on Splunk to $165 from $160 and keeps an Outperform rating on the shares. The analyst noted its solid Q4 results and believes it lower guidance reflects more model transition factors including an accelerating cloud bookings mix which impairs near-term revenue receivables.
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