Market Overview

UPDATE: Morgan Stanley Initiates Coverage on Splunk

Related SPLK
Vetr Crowd: Splunk To Return More Than 18%
The Market In 5 Minutes: A Three-Decade Low For The Pound
The Vetr community has downgraded $SPLK to 4-Stars (Vetr)

According to a research report published this morning, Morgan Stanley has initiated Splunk (NASDAQ: SPLK) with an Equal-weight rating.

In the report, Morgan Stanley commented, "SPLK represents a scarce pure-play on “Big Data” and one with the potential to become ‘the' platform for deriving value from machine data. At 15x CY13e revenues, however, the stock prices in several years of strong execution with risk-reward balanced at current levels and we initiate at Equal-weight."

Splunk closed Friday at $31.36.

Latest Ratings for SPLK

Oct 2016Piper JaffrayInitiates Coverage OnOverweight
Oct 2016CitigroupMaintainsNeutral
Oct 2016Guggenheim SecuritiesDowngradesBuyNeutral

View More Analyst Ratings for SPLK
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Initiation Analyst Ratings


Related Articles (SPLK)

View Comments and Join the Discussion!