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UPDATE: FBN Securities Initiates Splunk at Outperform on Growth Outlook

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FBN Securities initiated its coverage on Splunk (NASDAQ: SPLK) with an Outperform rating and a $45 price target.

FBN Securities noted, "SPLK is a fast-growing leader in machine data management, a fast-growing (and emerging) segment. With an attractive business model (volume-based pricing) and a solution that offers real-time intelligence to machine data, SPLK is experiencing strong revenue growth overall (+71% Y/Y last quarter) as both new customer and international growth have been strong. Splunkbase, its vibrant third-party application developer community, is resulting in very strong positive network effects."

Splunk closed at $35.93 on Wednesday.

Latest Ratings for SPLK

DateFirmActionFromTo
Apr 2017BTIG ResearchInitiates Coverage OnBuy
Mar 2017BernsteinInitiates Coverage OnOutperform
Jan 2017Argus ResearchInitiates Coverage OnHold

View More Analyst Ratings for SPLK
View the Latest Analyst Ratings

Posted-In: FBN SecuritiesAnalyst Color Initiation Intraday Update Analyst Ratings

 

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