Morgan Stanley Has Positive Outlook for Splunk Following User Conference

In a report published Wednesday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $66.00 price target on

. In the report, Morgan Stanley noted, “Product announcements from Splunk focused on making it easier for customers to pull a higher Quantity of data into a Splunk environment. Investor questions centered around the Pricing dynamics around Splunk. In our view, strong customer value (and demand) will continue to trump pricing friction.” Splunk closed on Tuesday at $57.25.