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Stock Market & Financial Investment News

News Breaks
May 30, 2014
07:36 EDTSPLKSplunk price target lowered to $70 from $115 at Canaccord
Canaccord lowered its price target on Splunk to $70 from $115, despite calling the company's Q1 results "excellent." The firm believes the stock is expensive, but it expects Splunk's growth to continue and thinks the company's guidance is conservative. Canaccord maintains its Buy rating on the shares.
News For SPLK From The Last 14 Days
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August 21, 2014
06:23 EDTSPLKSplunk price target lowered to $55 from $65 at Deutsche Bank
Deutsche Bank lowered its price target for Splunk (SPLK) shares to $55 from $65 ahead of the company's Q2 results on August 28 and says it prefers Tableau (DATA) on a relative basis. Deutsche, however, keeps a Buy rating on Splunk, noting that its recent user checks didn't pick up anything incrementally negative. The firm believes the Street is cautious on the stock into the results.

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