Market Overview

Morgan Stanley Sees Near-Term Headwinds, Long-Term Opportunity For Splunk

Share:
Related SPLK
12 Biggest Mid-Day Losers For Friday
22 Stocks Moving In Friday's Pre-Market Session
Stocks Flat As 3-Day Weekend Nears; These 2 Dow Stocks Are In Buy Range (Investor's Business Daily)

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

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: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (SPLK)

View Comments and Join the Discussion!