Tableau Software Rating Reiterated by Deutsche Bank (DATA)
Tableau Software (NYSE:DATA)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Friday. They currently have a $80.00 target price on the stock, up from their previous target price of $75.00. Deutsche Bank’s target price would suggest a potential upside of 23.08% from the stock’s previous close.
The analysts wrote, “Heading into Tableau’s 2Q, the topic of interest was the likely size of the beat and where buy-side expectations were. In our view, Tableau exceeded this bar, posting 82% revenue growth to $91 million, well above the $75-$80 million guide, and 80% license growth to $60 million, well above our $50 million estimate. Tableau achieved this while posting 8% non-GAAP operating margins and 20% OCF margins, an impressive performance relative to Tableau’s 50%+ growth peers. Tableau raised its 2014 revenue guidance to $366-$372 million (up 60% at the high end) from $340-$350 million and its non-GAAP operating margin to $5-$10 million from ‘flat to negative $10 million’. Buy.”
Tableau Software (NYSE:DATA) traded down 4.22% during mid-day trading on Friday, hitting $62.255. 1,519,731 shares of the company’s stock traded hands. Tableau Software has a 1-year low of $52.02 and a 1-year high of $102.37. The stock has a 50-day moving average of $65.3 and a 200-day moving average of $71.94. The company has a market cap of $4.231 billion and a P/E ratio of 773.81.
Tableau Software (NYSE:DATA) last released its earnings data on Thursday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.09. The company had revenue of $90.70 million for the quarter, compared to the consensus estimate of $79.69 million. During the same quarter last year, the company posted $0.01 earnings per share. Tableau Software’s revenue was up 81.8% compared to the same quarter last year. Analysts expect that Tableau Software will post $-0.10 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities reiterated a “market perform” rating on shares of Tableau Software in a research note on Friday. They now have a $78.00 price target on the stock. Separately, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Tableau Software in a research note on Friday. They now have a $85.00 price target on the stock. Finally, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Tableau Software in a research note on Friday. They now have a $78.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Tableau Software has an average rating of “Buy” and an average target price of $84.38.
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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