Qlik Technologies Given New $29.00 Price Target at Jefferies Group (QLIK)
Equities researchers at Jefferies Group lowered their price objective on shares of Qlik Technologies (NASDAQ:QLIK) from $31.00 to $29.00 in a research report issued on Friday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential upside of 6.97% from the stock’s previous close.
A number of other analysts have also recently weighed in on QLIK. Analysts at FBN Securities cut their price target on shares of Qlik Technologies from $31.00 to $27.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Qlik Technologies from $35.00 to $31.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at William Blair initiated coverage on shares of Qlik Technologies in a research note to investors on Tuesday, October 8th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Qlik Technologies presently has a consensus rating of “Buy” and an average target price of $33.34.
Qlik Technologies (NASDAQ:QLIK) opened at 27.11 on Friday. Qlik Technologies has a 1-year low of $16.71 and a 1-year high of $35.70. The stock’s 50-day moving average is $33.08 and its 200-day moving average is $29.1. The company’s market cap is $2.382 billion. Qlik Technologies also was the recipient of unusually large options trading activity on Friday. Traders acquired 12,021 put options on the stock. This represents an increase of approximately 484% compared to the typical volume of 2,060 put options.
Qlik Technologies (NASDAQ:QLIK) last announced its earnings results on Thursday, October 24th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $107.80 million. During the same quarter last year, the company posted $0.02 earnings per share. Qlik Technologies’s revenue was up 20.9% compared to the same quarter last year. Analysts expect that Qlik Technologies will post $0.38 EPS for the current fiscal year.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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