Tableau Software (DATA) PT Raised to $125 at Cowen

Cowen analyst J. Derrick Wood raised the price target on Tableau Software (NYSE: DATA) to $125.00 (from $113.00) while maintaining a Market Perform rating.

Wood commented, "DATA reported revs in-line but ARR that missed the Street. Y/Y growth in customer/deal metrics was all weaker vs. last qtr, with the softness seeming to come from the U.S. FY19 guidance was maintained, but 1Q was below the Street and mgmt expects a more back-end loaded year. Little color was given around the mixed results, but we suspect it may temper investor confidence in the growth turnaround."

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