Tableau Software (DATA) has risen sharply, recording gains of 6.36% in the past 4 weeks. However, the stock has corrected -4.95% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.78% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Tableau Software (NYSE:DATA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.82 and $52.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.71, notching a gain of 1.86% for the day. The total traded volume was 1,116,110 . The stock had closed at $52.73 on the previous day.
The stock has recorded a 20-day Moving Average of 1.4% and the 50-Day Moving Average is 0.81%. Tableau Software, Inc. is up 18.8% in the last 3-month period. Year-to-Date the stock performance stands at -43%.
Tableau Software (DATA) : The most positive equity analysts on Tableau Software (DATA) expects the shares to touch $119, whereas, the least positive believes that the stock will trade at $40 in the short term. The company is covered by 21 Wall Street Brokerage Firms. The average price target for shares are $63.81 with an expected fluctuation of $17.25 from the mean.
Tableau Software, Inc. (Tableau) is a provider of analytics and business intelligence software solutions. The Companys products are Tableau Desktop, a self-service analytics product, Tableau Server, a business intelligence platform for organizations, Tableau Online, a cloud-based version of Tableau Server, and Tableau Public, a free cloud-based platform for analyzing and sharing public data. The Companys products are used by people across a range of organizations, including Fortune 500 corporations, small and medium-sized businesses, government agencies, universities, research institutions and non-profits. The Companys technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Companys Live Query and In-Memory Data Engines technologies. The Company markets its products under the Tableau brand.