UPDATE: Oppenheimer Initiates Coverage on Splunk on Multiple Positive Factors

In a report published Wednesday, Oppenheimer analyst Shaul Eyal initiated coverage on Splunk (NASDAQ: SPLK ) with an Outperform rating and $80.00 price target. In the report, Oppenheimer noted, “We are initiating coverage of SPLUNK (SPLK), a rapidly growing big data player in a large potential market, with an Outperform