Morgan Stanley Sees Key Sales Metrics Stabilize For Splunk

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In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on

27% profit every 20 days?

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Splunk

(NASDAQ: SPLK).In the report, Morgan Stanley noted, “With Splunk growing sales capacity 40% YoY and productivity against that capacity stabilizing in Q2, the implied decel in F2H15 license growth targets looks conservative.Stabilizing growth should reduce competitive concerns and increases our confidence in SPLK trending towards our $64 base case.”Splunk closed on Thursday at $45.29.