Tableau Software Given Average Recommendation of “Buy” by Brokerages (NYSE:DATA)
Tableau Software (NYSE:DATA) has received an average rating of “Buy” from the nineteen ratings firms that are covering the stock, American Banking News reports. Six equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $82.94.
A number of analysts have recently weighed in on DATA shares. Analysts at Goldman Sachs cut their price target on shares of Tableau Software from $115.00 to $85.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Tableau Software from $89.00 to $74.00 in a research note on Tuesday, May 6th. Finally, analysts at Mizuho raised their price target on shares of Tableau Software from $60.00 to $65.00 in a research note on Tuesday, May 6th.
Tableau Software (NYSE:DATA) traded down 2.09% on Friday, hitting $66.1201. 189,287 shares of the company’s stock traded hands. Tableau Software has a 52-week low of $51.99 and a 52-week high of $102.37. The stock has a 50-day moving average of $59.5 and a 200-day moving average of $72.37. The company has a market cap of $4.494 billion and a P/E ratio of 1324.12. Tableau Software also was the target of a large growth in short interest in the month of May. As of May 30th, there was short interest totalling 4,969,701 shares, a growth of 50.4% from the May 15th total of 3,303,459 shares. Based on an average trading volume of 2,151,591 shares, the short-interest ratio is currently 2.3 days. Currently, 13.3% of the company’s shares are short sold.
Tableau Software (NYSE:DATA) last announced its earnings results 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 $-0.09 EPS for the current fiscal 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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