Form 8-K SPLUNK INC For: Aug 26

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Citi Upgrades Splunk (SPLK) to Neutral

August 27, 2020 8:26 AM EDT

Citi analyst Walter Pritchard upgraded Splunk (NASDAQ: SPLK) from Sell to Neutral with a price target of $234.00 (from $105.00).

The analyst comments "FY23 targets look less aggressive on the back of an uptick in cloud ARR growth, which we see as more sustainable than... More