RBC Capital Reaffirms Their Hold Rating on Tableau

By Carrie Williams

RBC Capital analyst Matthew Hedberg reiterated a Hold rating on Tableau (NYSE: DATA) today and set a price target of $65. The company’s shares opened today at $63.86, close to its 52-week high of $66.86.

According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 24.3% and a 78.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Automatic Data Processing, and Interactive Intelligence.

Currently, the analyst consensus on Tableau is Moderate Buy and the average price target is $58.78, representing a -8.0% downside.

In a report released today, Oppenheimer also reiterated a Hold rating on the stock.

The company has a one year high of $66.86 and a one year low of $41.41. Currently, Tableau has an average volume of 1.17M.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Elliott Ren Jurgensen, a Director at DATA sold 3,519 shares for a total of $191,047.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company was founded by Christian Chabot, Patrick Hanrahan, and Christopher Stolte in 2003 and is headquartered in Seattle, WA.