Analysts lauded Splunk Inc (NASDAQ:SPLK) post Q1 beat. Credit Suisse analyst Phil Winslow maintained Splunk with an Outperform and lowered the price target from $225 to $180 (82.3% upside).
Winslow remains optimistic about the company’s business trajectory and the strategic importance of Splunk, as evidenced by (1) regular total ARR and Cloud ARR growth and net expansion rates and (2) inflecting operating cash flow.
