UPDATE: Jefferies Starts Tableau Software (DATA) at Hold

(Updated - November 21, 2014 8:38 AM EST)

Jefferies initiated coverage on Tableau Software (NYSE: DATA) with a Hold rating and a price target of $90.00.

Analyst John DiFucci commented, "We believe DATA is at the forefront of the current trend towards self-service business intelligence (BI), driven by an easy-to-use data visualization approach. This could represent the next replacement cycle story in software as a result of a significantly lower TCO vs. traditional BI. However, our DCF analysis implies an intrinsic value at about the current share price."

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 $80.23 yesterday.

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