On Thursday February 15th, Splunk’s (SPLK-NASDAQ) share price closed at $96.35. With the Thursday close surpassing our target of $93, we recommend investors no longer purchase SPLK shares. SPLK is not a FAANG play – Recall we launched our BUY recommendation on December 29th with the share price at $82.84. Our valuation is based on a fiscal Q1 2019 trailing 12-month free cash flow target. With the equity markets continuing to surge, our target was reached weeks before the company’s March 1st fiscal Q4 2018 earnings release. In comparison to other large cap tech stocks however, SPLK has a below average r-squared […]
Daily Archives: Friday, February 16, 2018 8:06am
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