Market Overview

UPDATE: Jefferies Downgrades Qlik Technologies to Hold on Demand, FX and Competition

Share:
Related QLIK
Why This Analyst Is Pounding The Table On Qlik Technologies
Tableau's Plunge Is Killing Other Cloud Names, But Does It Indicate A Long-Term Pattern?
Notable earnings after Thursday's close (Seeking Alpha)

Jefferies reduces its rating on Qlik Technologies (NASDAQ: QLIK) from Buy to Hold and lowers its price target from $35 to $24.

Jefferies comments, "We downgrade QLIK to Hold and set a $24PT based on recent field work that suggests softer trends in 2Q12, materially lower growth expectations for CY12 and increasing competitive pressures. The stock has underperformed in the last 3 months, but we fear Street ests may be too high and there is still some growth premium in the valuation."

QLIK closed at $22.12 on Friday.

Latest Ratings for QLIK

DateFirmActionFromTo
Feb 2016BarclaysMaintainsOverweight
Jan 2016Deutsche BankMaintainsBuy
Jan 2016NomuraMaintainsBuy

View More Analyst Ratings for QLIK
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Price Target Intraday Update Analyst Ratings

 

Related Articles (QLIK)

View Comments and Join the Discussion!

Get Benzinga's Newsletters