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Splunk downgraded at Morgan Stanley on near-term execution risks

Apr. 27, 2021 9:18 AM ETSplunk Inc. (SPLK) StockSPLKBy: Brandy Betz, SA News Editor24 Comments
  • Despite the "undemanding" valuation, Morgan Stanley sees "more work ahead" before Splunk's (NASDAQ:SPLK) multiple sees meaningful expansion, prompting a downgrade from Overweight to Equal-Weight.
  • Analyst Keith Weiss: "Challenges closing large deals, competitive noise, and a heightened level of executive departures increase the execution

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