In a report released yesterday, Ittai Kidron from Oppenheimer maintained a Hold rating on Tableau (DATA). The company’s shares closed yesterday at $132.96, close to its 52-week high of $133.74.
Kidron said:
“Tableau reported another solid quarter ahead of expectations, driven by excellent large deal momentum and strong interest in its role-based offerings. We’re also encouraged by management’s ongoing investment in the company’s sales footprint (expansion in and platform capabilities (Tableau Data, security/governance, machine learning, end-to- end analytics, etc.), which we see as critical given credible competition and signs that enterprises are consolidating their analytics vendor base. Overall, we’re positive on Tableau’s execution and ability to deliver near the higher end of 2019 targets, but given current valuation we maintain our Perform rating, looking for a better entry point.”
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 27.7% and a 69.6% success rate. Kidron covers the Technology sector, focusing on stocks such as Citrix Systems, New Relic Inc, and Cloudera Inc.
Tableau has an analyst consensus of Moderate Buy, with a price target consensus of $129.73, a -2.4% downside 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 1.19M.
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.
