Market Overview

UPDATE: Morgan Stanley Initiates Coverage on Splunk

Share:
Related SPLK
Splunk Shares Are 'Poised For A Breakout,' Says Canaccord Genuity
Morgan Stanley Raises Target On Splunk From $53 To $58
Palo Alto: A Misunderstood Quarter Along With A Stretched Valuation (Seeking Alpha)

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

DateFirmActionFromTo
May 2016CitigroupMaintainsBuy
May 2016Morgan StanleyMaintainsOverweight
May 2016Credit SuisseMaintainsOutperform

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!