KeyBanc analyst Brent Bracelin maintained a Buy rating on Tableau (DATA) yesterday and set a price target of $158. The company’s shares closed yesterday at $132.96, close to its 52-week high of $133.74.
Bracelin observed:
“We are raising our PT to $158 from $133 after rolling forward to 2020 with the assumption that continued share gains and >20% ARR growth can help sustain the EV/S multiple at ~8x forward estimates.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 24.9% and a 75.4% success rate. Bracelin covers the Technology sector, focusing on stocks such as Salesforce.com, Everbridge Inc, and Veeva Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tableau with a $131.50 average price target, implying a -1.1% downside from current levels. In a report issued on January 23, Merrill Lynch also maintained a Buy rating on the stock with a $145 price target.
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The company has a one-year high of $133.74 and a one-year low of $73.38. Currently, Tableau has an average volume of 1.19M.
Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Elliott Ren Jurgensen, a Director at DATA sold 3,000 shares for a total of $328,230.
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Tableau Software, Inc. engages in the provision of software product which allows a broad population of business users to engage with data, ask questions, solve problems, and create value. Its product portfolio comprises of tableau desktop, server, and online.
