Tableau Software Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:DATA)
Tableau Software (NYSE:DATA) has been given an average recommendation of “Buy” by the eighteen analysts that are covering the company, Stock Ratings News reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $84.81.
Shares of Tableau Software (NYSE:DATA) opened at 61.94 on Wednesday. Tableau Software has a 52 week low of $52.02 and a 52 week high of $102.37. The stock’s 50-day moving average is $65.33 and its 200-day moving average is $71.90. The company has a market cap of $4.230 billion and a P/E ratio of 2096.77.
Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 81.8% on a year-over-year basis. On average, analysts predict that Tableau Software will post $-0.03 earnings per share for the current fiscal year.
A number of research firms have recently commented on DATA. Analysts at Susquehanna raised their price target on shares of Tableau Software from $74.00 to $76.00 in a research note on Friday. Separately, analysts at BMO Capital Markets raised their price target on shares of Tableau Software from $75.00 to $80.00 in a research note on Friday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tableau Software in a research note on Friday. They now have a $80.00 price target on the stock, up previously from $75.00.
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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