Splunk price target lowered to $110 from $115 at Mizuho

Mizuho analyst Gregg Moskowitz lowered the firm’s price target on Splunk to $110 from $115 and keeps a Neutral rating on the shares. The company reported "solid" Q4 results but the cloud mix disappointed again, the analyst tells investors in a research note. The firm believes Splunk faces significant competitive challenges, and it remains concerned whether the company can consistently execute.