UPDATE: Morgan Stanley Reiterates on Qlik Technologies on Path to Bigger Market Opportunity

In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating on

, but removed the $37.00 price target. In the report, Morgan Stanley noted, “A more engaging and easier to use development environment within QlikView Next opens up new opportunities with business users, while new API enablement expands the platform capabilities of the core Qlik data engine. While this opportunity expansion may be obscured by investor confusion around the new token-based pricing, we would be buyers on any weakness in QLIK.” Qlik Technologies closed on Thursday at $28.98.