Tableau Receives a Hold from Oppenheimer

By Carrie Williams

In a report released today, Ittai Kidron from Oppenheimer assigned a Hold rating to Tableau (NYSE: DATA). The company’s shares closed yesterday at $75.63, close to its 52-week high of $75.75.

Kidron commented:

“We hosted an investor meeting with Tableau’s management this week and come away with an incrementally positive view on its positioning into CY18. We believe (1) Tableau’s strategic shift toward subscription pricing has advanced an already compelling TCO advantage (especially vs. Microsoft’s Power BI), (2) Adam Selipsky (CEO) and Dan Miller’s (EVP of WW Field Sales) leadership has helped Tableau fine tune its go-to-market efforts, advancing opportunities with larger enterprises, and (3) the roadmap is strong (HyPer, Maestro, Linux, machine learning/AI, the ClearGraph acquisition) and is extending both Tableau’s TAM and product differentiation leverage vs. competition. While ongoing ratable shift and longer sales-cycle uncertainties remain caps on near-term growth rates, we believe Tableau’s long-term positioning is strengthening.”

According to TipRanks.com, Kidron is a 4-star analyst with an average return of 4.4% and a 53.6% success rate. Kidron covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Advanced Micro Devices.

Currently, the analyst consensus on Tableau is Moderate Buy and the average price target is $68.67, representing a -9.2% downside.

In a report issued on August 31, Robert W. Baird also reiterated a Hold rating on the stock with a $68 price target.

The company has a one year high of $75.75 and a one year low of $41.41. Currently, Tableau has an average volume of 876.4K.

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.