JMP Securities Reiterates “Market Outperform” Rating for Tableau Software (DATA)
Tableau Software (NYSE:DATA)‘s stock had its “market outperform” rating reiterated by JMP Securities in a research note issued on Tuesday, Analyst Ratings Net reports. They currently have a $80.00 target price on the stock. JMP Securities’ price objective points to a potential upside of 37.95% from the stock’s previous close.
Shares of Tableau Software (NYSE:DATA) traded up 0.03% during mid-day trading on Tuesday, hitting $58.01. The stock had a trading volume of 7,068,150 shares. Tableau Software has a one year low of $44.00 and a one year high of $102.37. The stock has a 50-day moving average of $70.0 and a 200-day moving average of $73.41. The company has a market cap of $3.657 billion and a price-to-earnings ratio of 828.43. Tableau Software also saw a large growth in short interest in April. As of April 15th, there was short interest totalling 2,241,272 shares, a growth of 47.5% from the March 31st total of 1,519,945 shares. Based on an average daily volume of 2,035,587 shares, the short-interest ratio is currently 1.1 days. Approximately 6.1% of the company’s shares are short sold.
Tableau Software (NYSE:DATA) last released its earnings data on Monday, May 5th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.10. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $63.04 million. Tableau Software’s revenue was up 86.5% compared to the same quarter last year. Analysts expect that Tableau Software will post $-0.22 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Tableau Software in a research note on Tuesday. They now have a $75.00 price target on the stock, down previously from $100.00. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Tableau Software in a research note on Tuesday. Finally, analysts at RBC Capital raised their price target on shares of Tableau Software from $70.00 to $78.00 in a research note on Tuesday. They now have a “sector perform” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $79.78.
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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