Tableau Receives a Hold from Deutsche Bank

By George MacDonald

Deutsche Bank analyst Karl Keirstead reiterated a Hold rating on Tableau (NYSE: DATA) yesterday and set a price target of $60. The company’s shares opened today at $53.16.

According to TipRanks.com, Keirstead is a 5-star analyst with an average return of 8.4% and a 62.2% success rate. Keirstead covers the Technology sector, focusing on stocks such as CSG Systems International, Concur Technologies, and Jive Software Inc.

Currently, the analyst consensus on Tableau is Moderate Buy and the average price target is $61.46, representing a 15.6% upside.

In a report issued on July 19, Jefferies also reiterated a Hold rating on the stock with a $56 price target.

Based on Tableau`s latest earnings report from March 31, the company posted quarterly revenue of $171.7M and quarterly net profit of -$45.58M. In comparison, last year the company earned revenue of $149.9M and had a net profit of -$18.98M.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2016, Brooke Seawell, a a Director at DATA bought 10,000 shares for a total of $399,900.

Tableau Software, Inc. engages in the provision of analytics and data visualization software. Its software products put the power of data into the hands of everyday people, allowing a broad population of business users to engage with their data, ask questions, solve problems and create value. It offers products: Tableau Desktop, Tableau Server, Tableau Online, Tableau Reader and Tableau Public. The company was founded by Christian Chabot, Patrick Hanrahan, and Christopher Stolte in 2003 and is headquartered in Seattle, WA.