Brokerage Firm Rating Update on Tableau Software (DATA)

Tableau Software (DATA) : 24 analysts are covering Tableau Software (DATA) and their average rating on the stock is 2.25, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Tableau Software (DATA) : Average target price received by Tableau Software (DATA) is $62.05 with an expected standard deviation of $11.66. The most aggressive target on the stock is $86, whereas the most downbeat target is $40. 22 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, RBC Capital downgrades its outlook on Tableau Software (NYSE:DATA). The current rating of the shares is Sector Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on August 25, 2016.

Tableau Software (NYSE:DATA): stock was range-bound between the intraday low of $58.23 and the intraday high of $59.58 after having opened at $58.59 on Wednesdays session. The stock finally closed in the red at $58.59, a loss of -0.61%. The stock remained in the red for the whole trading day. The total traded volume was 902,135 shares. The stock failed to cross $59.58 in Wednesdays trading. The stocks closing price on Thursday was $58.7.

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.

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