Analyst Ratings for Qlik Technologies Inc (QLIK)Updated: 2016-08-20
Investment analysts gave a few price targets for QLIK. The maximum price target given was 35, implying potential capital gains of 14.75 percent. The lowest price target was 30.5, which equates to a potential downside of 0 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 22.63 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 23.86 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
QLIK has traded between a high of 42.90 and a low of 15.77 over the past year. The current market price is above the trailing year's low by 93.41 percent, and 28.9 percent below the high. QLIK has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The QLIK value stock report compares QLIK to some of its peers using value stock charts. The stock has a market capitalization of $2.9 billion. QLIK is estimated to release their earnings results for the quarter on 2016-10-20, days from today.