Tableau Software (DATA): Raising PT on CEO Change - Barclays

August 23, 2016 8:07 AM EDT
Get Alerts DATA Hot Sheet
Price: $47.64 -0.98%

Rating Summary:
    20 Buy, 18 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
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Barclays analyst, Raimo Lenschow, reiterated his Overweight rating on shares of Tableau Software (NYSE: DATA) and increased his price target to $71.00 (from $59.00) after the appointment of Adam Selipsky as the new CEO.

The analyst stated "This is a logical step in the Tableau journey to create a multi-billion dollar revenue company in the BI space. We believe this announcement will remove some of the discount that shares have been suffering from after several mixed quarters".

The $71 PT is based on a 5x EV/Sales (prior 4x).

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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