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May 30, 2014
07:48 EDTSPLKSplunk in-line guidance will disappoint investors, says FBR Capital
FBR Capital believes Splunk's essentially in-line outlook will disappoint investors expecting a more significant beat and raise quarter. FBR says Splunk grew its top line 50% year-over-year in Q1 and continues to be in the "first inning" of a $30 billion-plus total addressable market over the coming years. It lowered its price target for shares to $80 from $120 maintains an Outperform rating on the stock.
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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