Tableau Software (DATA): New CEO Is A Welcome Change - Cowen

August 23, 2016 6:31 AM EDT
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Price: $44.25 -1.8%

Rating Summary:
    16 Buy, 23 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Cowen analyst, Derrick Wood, reiterated his Neutral rating on shares of Tableau Software (NYSE: DATA) after the company announced the appointment of a new CEO, Adam Selipsky, replacing current CEO, Christian Chabot, who will remain Chairman of the Board.

The analyst stated "the appointment of a new CEO is a welcome change for DATA. DATA has been undergoing several structural, competitive and execution related challenges over the past few quarters and this has forced them to transform their business model, including new product and go-to-market directions"

No change to the price target of $53.

For an analyst ratings summary and ratings history on Tableau Software click here. For more ratings news on Tableau Software click here.

Shares of Tableau Software closed at $54.87 yesterday.

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