A number of firms have modified their ratings and price targets on shares of Tableau Software (NYSE: DATA) recently:

  • 10/8/2017 – Tableau Software had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $58.00 price target on the stock.
  • 10/6/2017 – Tableau Software had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $85.00 price target on the stock. They wrote, “We remain Overweight and see upside to $85. Key Investment Points Strong new product enhancements to be unveiled next week. At our annual Vail conference in August, Tableau Chief Product Officer Francois Ajenstat gave us a sense of Tableau’s top priorities in product innovation. The Company is focusing on three key areas to drive adoption: (1) enterprise scalability via the release of a new in-memory engine called HyPer, (2) cloud-delivery, which will include support for Linux, and (3) further enhancements to the user experience through the formal unveiling of Project Maestro. These product innovations should help further differentiate Tableau as it attempts to retain leadership as the gold-standard in self-service business intelligence (BI). Narrative shift to subscription likely to build.””
  • 10/6/2017 – Tableau Software was given a new $68.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 9/21/2017 – Tableau Software had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $85.00 price target on the stock, up previously from $75.00. They wrote, “We are raising FCF estimates and our price target to $85 from $75 based on increasing confidence that the model transition to subscription is progressing ahead of plan. Despite the 79% YTD move this year, we remain constructive on DATA and forecast FCF could double to >$3.00 per share in 2019. Key Investment Points Partner feedback confirms strong reception for subscription. Partners have increasingly positive views of the subscription-based pricing model. They see high customer demand for self-service analytical tools with strong reception to lower upfront costs. In some enterprise deals, the upfront dollars budgeted for perpetual have remained constant, allowing enterprises to purchase more seats.””
  • 9/13/2017 – Tableau Software had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/8/2017 – Tableau Software was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “
  • 9/7/2017 – Tableau Software was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “
  • 9/6/2017 – Tableau Software is now covered by analysts at Moffett Nathanson. They set a “neutral” rating and a $76.00 price target on the stock.
  • 8/26/2017 – Tableau Software was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/21/2017 – Tableau Software was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $78.00 price target on the stock. According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “
  • 8/18/2017 – Tableau Software was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “

Shares of Tableau Software, Inc. (NYSE:DATA) opened at 76.23 on Wednesday. The stock’s 50 day moving average is $74.25 and its 200 day moving average is $64.12. Tableau Software, Inc. has a 52-week low of $41.41 and a 52-week high of $78.14. The stock’s market cap is $6.03 billion.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.15. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The firm had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that Tableau Software, Inc. will post $0.23 EPS for the current fiscal year.

In related news, Chairman Christian Chabot sold 193,500 shares of Tableau Software stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $70.72, for a total transaction of $13,684,320.00. Following the completion of the transaction, the chairman now directly owns 197,203 shares in the company, valued at $13,946,196.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 23,801 shares of Tableau Software stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $70.53, for a total value of $1,678,684.53. Following the transaction, the chief executive officer now owns 221,030 shares of the company’s stock, valued at $15,589,245.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,160,559 shares of company stock valued at $81,744,364. 28.98% of the stock is owned by company insiders.

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

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