Splunk (SPLK) PT Bumped to $74 at Cowen

Cowen analyst Gregg Moskowitz reiterated an Outperform rating and bumped his price target on Splunk (NASDAQ: SPLK) to $74.00 (from $72.00) following a "very good" quarter.

Moskowitz commented, "As we had previewed, SPLK's F2Q showed more modest levels of upside to bookings than what we had seen over the prior few quarters. Nonetheless, this was still a very healthy all-around quarter, and we believe SPLK's fundamentals, competitive positioning, and growth prospects remain attractive."

For an analyst ratings summary and ratings history on Splunk click here. For more ratings news on Splunk click here.

Shares of Splunk closed at $64.24 yesterday.

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