A number of research firms have changed their ratings and price targets for Tableau Software (NYSE: DATA):

  • 10/23/2017 – Tableau Software is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $98.00 price target on the stock.
  • 10/18/2017 – Tableau Software had its price target raised by analysts at Bank of America Corporation from $84.00 to $90.00. They now have a “buy” rating on the stock.
  • 10/13/2017 – Tableau Software had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $70.00 price target on the stock.
  • 10/11/2017 – Tableau Software had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $75.00 price target on the stock, up previously from $70.00.
  • 10/11/2017 – Tableau Software had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $84.00 price target on the stock.
  • 10/11/2017 – Tableau Software had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $80.00 price target on the stock.
  • 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.

Tableau Software, Inc. (DATA) opened at 78.86 on Wednesday. The firm’s market cap is $6.24 billion. Tableau Software, Inc. has a 12 month low of $41.41 and a 12 month high of $79.82. The firm’s 50-day moving average price is $75.97 and its 200-day moving average price is $66.21.

Tableau Software (NYSE:DATA) last released its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $210.72 million. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Tableau Software, Inc. will post $0.23 earnings per share for the current year.

In related news, Director William Bosworth sold 450 shares of Tableau Software stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $71.52, for a total value of $32,184.00. Following the sale, the director now owns 9,099 shares of the company’s stock, valued at $650,760.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director A Brooke Seawell sold 1,005 shares of Tableau Software stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $72.23, for a total value of $72,591.15. Following the completion of the sale, the director now directly owns 3,015 shares in the company, valued at approximately $217,773.45. The disclosure for this sale can be found here. Insiders sold a total of 1,160,559 shares of company stock worth $81,744,364 in the last three months. Company insiders own 28.98% of the company’s stock.

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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