Tableau (DATA) Receives a Hold from Monness


In a report released today, Brian White from Monness maintained a Hold rating on Tableau (NYSE: DATA). The company’s shares closed yesterday at $110.16, close to its 52-week high of $112.42.

According to TipRanks.com, White is a 5-star analyst with an average return of 16.5% and a 67.2% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tableau with a $117.62 average price target, representing a 6.8% upside. In a report issued on July 23, Morgan Stanley also maintained a Hold rating on the stock with a $119 price target.

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Based on Tableau’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.07 million. In comparison, last year the company had a GAAP net loss of $42.52 million.

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

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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.

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