Needham Believes Tableau (DATA) Won’t Stop Here


In a report released today, Jack Andrews from Needham reiterated a Buy rating on Tableau (NYSE: DATA), with a price target of $126. The company’s shares closed yesterday at $110.16, close to its 52-week high of $112.42.

According to TipRanks.com, Andrews is a 5-star analyst with an average return of 17.1% and a 67.7% success rate. Andrews covers the Technology sector, focusing on stocks such as New Relic Inc, Attunity Ltd, and Nutanix Inc.

Tableau has an analyst consensus of Moderate Buy, with a price target consensus of $118.21, a 7.3% upside from current levels. In a report issued on July 23, Goldman Sachs also reiterated a Buy rating on the stock with a $130 price target.

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The company has a one-year high of $112.42 and a one-year low of $67.39. Currently, Tableau has an average volume of 781.1K.

Based on the recent corporate insider activity of 125 insiders, corporate insider sentiment is negative on the stock.

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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