Morgan Stanley Sees Near-Term Headwinds, Long-Term Opportunity For Splunk
In a report published Tuesday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on Splunk (NASDAQ: SPLK).
In the report, Morgan Stanley noted, “The Q1 outlook looks conservative and we remain confident in the LT opportunity for Splunk. However, a slowdown in productive sales capacity growth, price cuts and increasing competition represent NT tactical headwinds. With the market focused on the durability of growth, we remain on the sidelines.”
Splunk closed on Monday at $44.00.
Latest Ratings for SPLK
|Jan 2017||Argus Research||Initiates Coverage On||Hold|
|Jan 2017||Wells Fargo||Initiates Coverage On||Outperform|
|Oct 2016||Piper Jaffray||Initiates Coverage On||Overweight|
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