Macquarie Starts Qlik Technologies (QLIK) at Outperform

Macquarie initiates coverage on Qlik Technologies (NASDAQ: QLIK) with a Outperform rating and a price target of $38.00.

Analyst Sarah Hindlian commented, "We believe that the bar has been conservatively set for a robust, product cycle-driven FY’16. We believe that Qlik is one of the best positioned broad-based and data source-agnostic modern BI vendors in the market, with a new dual product strategy aligned to meet areas of rising demand."

The analyst highlighted: Ramping Product Cycles, Product Strategy Enables Larger Opportunity, Superior Data Governance Controls, Qlik Now Positioned to Fend Off Low-cost Alternatives, Attractive Acquisition Candidate at Current Valuation.

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 $24.19 yesterday.

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