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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Qlik Technologies

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In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Qlik Technologies (NASDAQ: QLIK), and raised its price target from $19.00 to $21.00.

Jefferies noted, “Our channel work on QLIK suggest an in-line 4Q12, with signs of some license growth deceleration. While Direct Discovery and QlikView Next are likely to be positive for adoption, we remain concerned given macro backdrop and competitive environment. Maintain Hold and nudge PT to $21.”

Qlik Technologies closed on Tuesday at $20.02.

Latest Ratings for QLIK

DateFirmActionFromTo
Jul 2016JefferiesDowngradesBuyHold
Jun 2016SunTrust Robinson HumphreyDowngradesBuyNeutral
Jun 2016CLSADowngradesBuyNeutral

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