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Splunk (SPLK) stock was up 5% in midday trading Tuesday after UBS upgraded the stock to buy from neutral, citing its first-mover advantage in the Big Data market. UBS also raised its price target to 80 from 64. Splunk stock was near 74.20 in the stock market today, but earlier in the session it hit an all-time high of 76.99. UBS analysts Brent Thill and Nicole Hayashi said in a research report Tuesday that the upgrade is based on expectations of Scalper1 News
Scalper1 News