Analysts Offer Insights on Technology Companies: Tableau (NYSE: DATA), Salesforce.com (NYSE: CRM) and Facebook Inc (NASDAQ: FB)

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Tableau (NYSE: DATA), Salesforce.com (NYSE: CRM) and Facebook Inc (NASDAQ: FB) with bullish sentiments.

Tableau (NYSE: DATA)

In a report released today, Brent Bracelin from Pacific Crest reiterated a Buy rating on Tableau (NYSE: DATA), with a price target of $60. The company’s shares closed last Friday at $47.41.

According to TipRanks.com, Bracelin is a 2-star analyst with an average return of 0.1% and a 52.7% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Riverbed Technology, and Tyler Technologies.

Currently, the analyst consensus on Tableau is Moderate Buy and the average price target is $60, representing a 26.6% upside.

In a report issued on November 2, Wunderlich also reiterated a Buy rating on the stock with a $58 price target.
Salesforce.com (NYSE: CRM)

MKM Partners analyst Kevin Buttigieg reiterated a Buy rating on Salesforce.com (NYSE: CRM) today and set a price target of $93. The company’s shares closed last Friday at $74.59.

Buttigieg commented:

“We expect unadjusted billings to be in-line with consensus of $1,734mn, which is up about 13% Y/Y and slightly ahead of guidance of 12%. This is down from 15% in F2Q17 which disappointed investors and so appears to be a low bar.”

According to TipRanks.com, Buttigieg is a 4-star analyst with an average return of 6.7% and a 57.9% success rate. Buttigieg covers the Technology sector, focusing on stocks such as Informatica Corp., Ultimate Software, and Citrix Systems.

Currently, the analyst consensus on Salesforce.com is Strong Buy and the average price target is $95.05, representing a 27.4% upside.

In a report issued on November 1, Morgan Stanley also reiterated a Buy rating on the stock with a $107 price target.
Facebook Inc (NASDAQ: FB)

MKM Partners analyst Rob Sanderson reiterated a Buy rating on Facebook Inc (NASDAQ: FB) today and set a price target of $150. The company’s shares closed last Friday at $119.02.

Sanderson noted:

“We are updating our estimates, introducing a 2018 forecast and lowering our PT to $150 (previous $165). We analyze Google’s (GOOGL, Buy, $771.75, $935 PT) historic P/E trend and point out that its collapse toward 20x was coincident with revenue growth deceleration to 30% and then lower. FB is now at 22x forward 12-month EPS with 56% growth last quarter. Regardless, we now expect FB shares to trade below its growth rate for the foreseeable future as deceleration and margin concerns pressure the P/E multiple. Our new target is 22x our 2018 non-GAAP estimate plus cash. Business trends remain very strong Ad business of $27Bn run-rate that is still growing by 59% is remarkable.”

According to TipRanks.com, Sanderson is a 3-star analyst with an average return of 1.8% and a 56.0% success rate. Sanderson covers the Technology sector, focusing on stocks such as Angie’s List Inc., Alibaba Group, and Alphabet Inc.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $157.86, representing a 32.6% upside.

In a report issued on November 2, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $170 price target.