Qlik Technologies Price Target Lowered to $33.00 at Robert W. Baird (QLIK)
Analysts at Robert W. Baird decreased their price objective on shares of Qlik Technologies (NASDAQ:QLIK) from $40.00 to $33.00 in a research report issued to clients and investors on Friday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 21.73% from the stock’s previous close.
Shares of Qlik Technologies (NASDAQ:QLIK) opened at 27.11 on Friday. Qlik Technologies has a one year low of $16.71 and a one 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 on Friday. Traders bought 12,021 put options on the stock. This is an increase of 484% compared to the average volume of 2,060 put options.
Qlik Technologies (NASDAQ:QLIK) last released its earnings data 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. Analysts expect that Qlik Technologies will post $0.38 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Qlik Technologies from $38.00 to $34.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Qlik Technologies from $38.00 to $36.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at JMP Securities cut their price target on shares of Qlik Technologies from $35.00 to $33.00 in a research note to investors on Friday. They now have a “market outperform” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $33.34.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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