Share on StockTwits

A number of stock research firms have changed their ratings and price targets for Tableau Software (NYSE: DATA) during the last seven days:

  • Tableau Software had its price target raised by analysts at BMO Capital Markets from $75.00 to $80.00.
  • Tableau Software had its “sector perform” rating reaffirmed by analysts at RBC Capital. They now have a $78.00 price target on the stock.
  • Tableau Software had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $85.00 price target on the stock.
  • Tableau Software had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a $80.00 price target on the stock, up previously from $75.00. They 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 had its “market perform” rating reaffirmed by analysts at JMP Securities. They now have a $78.00 price target on the stock.
  • Tableau Software was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $80.00 price target on the stock, up previously from $65.00.
  • Tableau Software had its price target raised by analysts at Susquehanna from $74.00 to $76.00.
  • Tableau Software had its “market perform” rating reaffirmed by analysts at FBR Capital Markets. They now have a $78.00 price target on the stock.

Shares of Tableau Software Inc (NYSE:DATA) traded down 2.14% during mid-day trading on Tuesday, hitting $62.06. 946,220 shares of the company’s stock traded hands. Tableau Software Inc has a 52-week low of $52.02 and a 52-week high of $102.37. The stock’s 50-day moving average is $65.31 and its 200-day moving average is $71.85. The company has a market cap of $4.238 billion and a price-to-earnings ratio of 1219.62.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.