The business intelligence solutions provider is considering strategic options such as a sale of itself, according to Reuters.
The number of companies interested in acquiring Qlik may be limited, BMO said. The firm estimates that there is a 35% likelihood that Qlik will be acquired.
Hewlett Packard Enterprise Co. (HPE), OracleCorp. (ORCL) and International Business Machines Corp. (IBM) could be interested in acquiring Qlik, according to BMO.
"We continue to believe that Qlik's growth in the out years is not influenced by ownership considerations, meaning we don't believe that the BI tool set market will have meaningful growth longer-term due to competition," the firm added.
Qlik stock is up 0.72% to $29.34 in pre-market trading on Tuesday.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D+. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself, deteriorating net income and feeble growth in its earnings per share.
You can view the full analysis from the report here: QLIK