Market Overview

UPDATE: Morgan Stanley Initiates Coverage on Splunk

Share:
Related SPLK
Wall Street Sees Even More Upside For Splunk
Splunk Unchanged In Volatile Session Following Q4 Beat
Splunk Makes A Splash With Impressive Q4 Report (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
Feb 2015Deutsche BankMaintainsBuy
Feb 2015JefferiesMaintainsBuy
Feb 2015Cantor FitzgeraldMaintainsBuy

View More Analyst Ratings for SPLK
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Initiation Analyst Ratings

 

Related Articles (SPLK)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content