Rosenblatt Securities analyst Marshall Senk reiterated a Buy rating on Tableau (DATA) on February 6 and set a price target of $145. The company’s shares closed on Friday at $122.24.
Senk said:
“We are very comfortable with Tableau’s results and would look through any concerns from the sheer volume of numbers to focus on the one that matters most – annual recurring revenue or ARR. Shifting toward subscription can stress a model with real headwinds and we saw some of that this quarter on the traditional income statement. With ARR growth of 41%, off balance sheet RPO topping $240 million, and a 2019 ARR growth guide of 35%, we are very comfortable that the business continues to be very strong. We reiterate our Buy rating.”
According to TipRanks.com, Senk is a 5-star analyst with an average return of 21.4% and a 74.3% success rate. Senk covers the Technology sector, focusing on stocks such as Carbonite Inc, Cloudera Inc, and MongoDB Inc.
Tableau has an analyst consensus of Moderate Buy, with a price target consensus of $138.44, a 13.3% upside 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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Based on Tableau’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $2.83 million. In comparison, last year the company had a GAAP net loss of $41.84 million.
Based on the recent corporate insider activity of 114 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.
