Barclays Believes Tableau (NYSE: DATA) Still Has Room to Grow

By Ryan Adsit

In a report issued on October 9, Raimo Lenschow from Barclays maintained a Buy rating on Tableau (NYSE: DATA), with a price target of $80. The company’s shares opened today at $76.54, close to its 52-week high of $78.14.

According to TipRanks.com, Lenschow is a 5-star analyst with an average return of 15.9% and a 75.0% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Dealertrack Holdings, and Coupa Software Inc.

Currently, the analyst consensus on Tableau is Moderate Buy and the average price target is $70.25, representing a -8.2% downside.

In a report issued on October 5, KeyBanc also assigned a Buy rating to the stock with a $85 price target.

The company has a one-year high of $78.14 and a one-year low of $41.41. Currently, Tableau has an average volume of 721.3K.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.

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Tableau Software, Inc. engages in the provision of a software product which allows a broad population of business users to engage with data, ask questions, solve problems, and create value. Its product portfolio is comprised of tableau desktop, tableau server and tableau online.