Tableau (DATA) Gets a Hold Rating from Maxim Group


Maxim Group analyst Nehal Chokshi reiterated a Hold rating on Tableau (DATA) today. The company’s shares closed yesterday at $123.98, close to its 52-week high of $133.74.

Chokshi commented:

“December quarter results on an ASC 605 basis were above consensus, though deceleration still apparent. Dec Q S&M y/y spend & multiple metrics point to high-teens EPS growth vs. guidance for 20%. Reiterating Hold rating, introducing estimates on an ASC606 basis and removing price target until we have more history with projecting on an ASC 606 basis.”

According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 12.7% and a 62.3% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.

Tableau has an analyst consensus of Moderate Buy, with a price target consensus of $138.44, implying an 11.7% upside from current levels. In a report issued on February 1, Monness also maintained a Hold rating on the stock.

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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 1.23M.

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.

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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