Splunk Cloud Revenue Driving Machine Learning Earnings

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Truman
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[size=5][b]Splunk Inc. (NASDAQ: SPLK) resumed in coverage with a Buy rating and $243 price target at BTIG.
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Seeing sustainable long-term revenue growth in the mid-20% range,

Analyst Gray Powell sees Splunk as “well-positioned to make inroads in tangential markets such as infrastructure and application performance monitoring.”

Powell notes that Splunk stands to benefit from the rise in businesses pursuing digital transformations.

The cybersecurity analytics company has a Bullish average Wall St. Analysts rating.

Market Summary > Splunk Inc
NASDAQ: SPLK
210.90 USD +6.05 (2.95%)