Jefferies Maintains a 'Buy' on Qlik Technologies (QLIK); Recent Survey Results

Jefferies maintains a 'Buy' on Qlik Technologies (NASDAQ: QLIK) price target raised from $31 to $35.

Analyst, Ross MacMillan, said, "Our channel work on QLIK shows some deceleration (reflected in 1Q12 guidance) though growth expectations for CY12 are consistent with our last survey. We think spending trends in the analytics market remain strong, but we are mindful of an increasingly competitive backdrop. We have left our estimates unchanged."

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 $30.00 yesterday.

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