Qlik Technologies Price Target Lowered to $36.00 at JPMorgan Chase & Co. (QLIK)
Investment analysts at JPMorgan Chase & Co. dropped their target price on shares of Qlik Technologies (NASDAQ:QLIK) from $38.00 to $36.00 in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 32.79% from the stock’s previous close.
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 some unusual options trading activity on Friday. Stock investors purchased 12,021 put options on the company. This is an increase of approximately 484% compared to the average daily 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.
A number of other firms have also recently commented on QLIK. 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. Separately, analysts at Jefferies Group cut their price target on shares of Qlik Technologies from $31.00 to $29.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, 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. 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 company. The company has an average rating of “Buy” and a consensus 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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