Doug Merritt, CEO, Splunk
Scott Mlyn | CNBC
Near-term headwinds will keep an anchor on Splunk's share price even as its revenue growth suggests the software company deserves a higher valuation, according to Morgan Stanley.
Analyst Keith Weiss downgraded the stock to equal weight from overweight on Tuesday, saying Splunk faced several issues including competition and struggles to add large new customers in a hybrid-commuting world.
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April 27, 2021 at 04:56PM
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Splunk stock gets downgrade by Morgan Stanley on near-term issues - CNBC
"term" - Google News
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