Merrill Lynch Believes Tableau (DATA) Still Has Room to Grow


Merrill Lynch analyst Bradley Sills maintained a Buy rating on Tableau (DATA) today and set a price target of $140. The company’s shares closed on Friday at $124.64, close to its 52-week high of $125.50.

According to TipRanks.com, Sills is ranked #907 out of 5134 analysts.

Currently, the analyst consensus on Tableau is a Moderate Buy with an average price target of $124.75, a 0.1% upside from current levels. In a report issued on November 26, First Analysis also upgraded the stock to Buy with a $123 price target.

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Based on Tableau’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $21.34 million. In comparison, last year the company had a GAAP net loss of $46.55 million.

Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock. Last month, Elliott Ren Jurgensen, a Director at DATA sold 3,000 shares for a total of $328,230.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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