Goldman Sachs Upgrades Qlik Technologies (QLIK) to Buy

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Goldman Sachs upgraded Qlik Technologies (NASDAQ: QLIK) from Neutral to Buy with a price target of $27.00 (from $23.00).

The firm cited: 1) increased confidence in the ability to execute, 2) license revenue growth accelerating to, and sustaining 20%-plus growth, and 3) a more favorable positive catalyst pipeline for share appreciation.

For an analyst ratings summary and ratings history on Qlik Technologies click here. For more ratings news on Qlik Technologies click here.

Shares of Qlik Technologies closed at $20.76 yesterday, with a 52 week range of $16.71-$33.59.

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