Morgan Stanley Sees Path To Compelling Long-Term Opportunity For Splunk

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

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Splunk

(NASDAQ: SPLK).In the report, Morgan Stanley noted, “The Q3 bar for Splunk looks low, particularly in light of sales investments, improved productivity and new delivery models / use cases. Best in class growth has been rewarded this earnings season; therefore, we believe durable growth and margin leverage should drive upside in SPLK.”Splunk closed on Tuesday at $67.03.