Tableau Software (DATA) CEO Transition Strengthens Cloud Vision - Oppenheimer

Oppenheimer analyst, Ittai Kidron, reiterated his Outperform rating on shares of Tableau Software (NYSE: DATA) after the company announced the appointment of Adam Selipsky as CEO.

The analyst stated "We're positive on the announcements with the new CEO coming from best-in-class cloud vendor Amazon. His experience and background could be very helpful in Tableau's cloud/ Online expansion and in addressing competitive cloud concerns. At the same time, they prepare Tableau for a coordinated upcoming sales leadership transition. With Chabot and Stolte remaining actively involved, we expect a smooth transition".

No change to the price target of $62.

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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