Splunk (SPLK) PT Raised to $154 at Oppenheimer

Oppenheimer analyst Shaul Eyal raised the price target on Splunk (NASDAQ: SPLK) to $154.00 (from $130.00) while maintaining a Outperform rating.

• Expects company to maintain strong revenue growth pace "for some time to come."
• Believes company should expand margins through operating leverage and efficiency gains.

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