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

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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
Jun 2017GuggenheimUpgradesNeutralBuy
Jun 2017SusquehannaInitiates Coverage OnNeutral
Apr 2017BTIG ResearchInitiates Coverage OnBuy

View More Analyst Ratings for SPLK
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Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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