Stifel Nicolaus analyst Tom Roderick maintained a Buy rating on Tableau (NYSE: DATA) today and set a price target of $120. The company’s shares closed on Friday at $108.77, close to its 52-week high of $109.39.
According to TipRanks.com, Roderick is a 5-star analyst with an average return of 18.2% and a 69.8% success rate. Roderick covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Nuance Communications, and Salesforce.com.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tableau with a $101.31 average price target, implying a -6.9% downside from current levels. In a report issued on July 10, KeyBanc also upgraded the stock to Buy.
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Based on Tableau’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $46.47 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.
