FBR Capital Markets Initiates Coverage on Tableau Software (DATA)
Research analysts at FBR Capital Markets assumed coverage on shares of Tableau Software (NYSE:DATA) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $70.00 price target on the stock. FBR Capital Markets’ price objective indicates a potential upside of 6.74% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of Tableau Software in a research note to investors on Monday, December 2nd. They set a “sector perform” rating and a $76.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Tableau Software in a research note to investors on Wednesday, November 13th. They set a “buy” rating and a $85.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Tableau Software from $62.00 to $72.00 in a research note to investors on Tuesday, October 29th. They now have a “neutral” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.08.
In other Tableau Software news, Director A Brooke Seawell sold 10,000 shares of Tableau Software stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $65.52, for a total transaction of $655,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Tableau Software (NYSE:DATA) last released its earnings data on Monday, October 28th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.17. The company had revenue of $61.10 million for the quarter, compared to the consensus estimate of $50.93 million. Tableau Software’s revenue was up 90.3% compared to the same quarter last year.
Tableau Software, Inc is a computer software company. The Company’s products are used by people across all kinds of organizations, including Fortune 500 corporations, small and medium-sized businesses, government agencies, universities, research institutions and non-profits.
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