Splunk (SPLK) PT Raised to $90 at Canaccord Genuity on Q3 Report; 'Billings, Revenue and Margins Topped Estimates'

Canaccord Genuity raised its price target on Splunk (NASDAQ: SPLK) to $90.00 (from $80.00) while maintaining a Buy rating, following the company's third quarter earnings report.

Analyst Richard Davis notes a positive outlook on the shares, as the company reported third quarter earnings per share, billing, revenues and margins above consensus projections driven by accelerating growth, thus supporting preliminary view of 2019/2018 that topped expectations.

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