Qlik Technologies Price Target Cut to $31.00 (QLIK)
Investment analysts at Barclays cut their target price on shares of Qlik Technologies (NASDAQ:QLIK) from $35.00 to $31.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective indicates a potential upside of 14.35% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Robert W. Baird raised their price target on shares of Qlik Technologies from $35.00 to $40.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “hold” rating on shares of Qlik Technologies in a research note to investors on Friday, September 20th. They now have a $36.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Qlik Technologies presently has a consensus rating of “Buy” and a consensus target price of $33.34.
Shares of Qlik Technologies (NASDAQ:QLIK) opened at 27.11 on Friday. Qlik Technologies has a 52 week low of $16.71 and a 52 week high of $35.70. The stock has a 50-day moving average of $33.08 and a 200-day moving average of $29.1. The company’s market cap is $2.382 billion. Qlik Technologies also was the recipient of some unusual options trading on Friday. Stock traders acquired 12,021 put options on the stock. This is an increase of approximately 484% compared to the average 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts predict that Qlik Technologies will post $0.38 earnings per share 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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