Deutsche Bank Lowers Qlik Technologies Price Target to $26.00 (QLIK)
Deutsche Bank lowered their target price on shares of Qlik Technologies (NASDAQ:QLIK) from $28.00 to $26.00 in a research note issued on Tuesday. Deutsche Bank’s price objective suggests a potential upside of 18.72% from the company’s current price.
Qlik Technologies (NASDAQ:QLIK) traded down 1.51% during mid-day trading on Tuesday, hitting $21.57. The stock had a trading volume of 192,473 shares. Qlik Technologies has a 52-week low of $20.17 and a 52-week high of $37.56. The stock has a 50-day moving average of $22.45 and a 200-day moving average of $25.20. The company’s market cap is $1.934 billion.
Qlik Technologies (NASDAQ:QLIK) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.01. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $113.22 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Analysts expect that Qlik Technologies will post $0.25 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on QLIK. Analysts at Summit Research initiated coverage on shares of Qlik Technologies in a research note on Thursday, June 5th. They set a “buy” rating and a $31.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Qlik Technologies from $32.00 to $28.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.07.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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