Splunk (SPLK) option prices elevated into quarter results and outlook

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Splunk (SPLK) PT Raised to $240 at DA Davidson

August 27, 2020 8:14 AM EDT

DA Davidson analyst Andrew Nowinski raised the price target on Splunk (NASDAQ: SPLK) to $240.00 (from $190.00) while maintaining a Buy rating following the company's 2Q earnings report. Splunk missed guidance for the second quarter in a row, though cloud revenue continued to exceed expectations. Revenue of... More