Barclays Capital Raises Price Target on Qlik Technologies (QLIK)

By admin | 6 years ago

Investment analysts at Barclays Capital (NYSE: BCS) lifted their target price on shares of Qlik Technologies (NASDAQ: QLIK) from $33.00 to $36.00 in a note issued to investors on Friday. The firm currently has an “overweight” rating on the stock.

Shares of Qlik Technologies opened at 29.64 on Friday. Qlik Technologies has a 52 week low of $19.59 and a 52 week high of $35.62. The company has a market cap of $2.504 billion and a P/E ratio of 269.45.

The company last announced its quarterly results on Thursday, April 26th. It reported ($0.03) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.06) EPS by $0.03. The company’s quarterly revenue was up 25.7% on a year-over-year basis. On average, analysts predict that Qlik Technologies will post $0.08 earnings per share next quarter.

A number of other analysts have also recently weighed in on QLIK. Analysts at UBS AG (NYSE: UBS) raised their price target on shares of Qlik Technologies from $29.00 to $31.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Qlik Technologies in a research note to investors on Wednesday, April 11st. They now have a $35.00 price target on the stock, up previously from $31.00. Finally, analysts at CL King initiated coverage on shares of Qlik Technologies in a research note to investors on Friday, March 30th. They set a “strong-buy” rating on the stock.

Qlik Technologies Inc., through its subsidiaries, sells solftware solututions that deliver data analysis and reporting solutions.

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