Drexel Hamilton analyst Brian White reiterated a Buy rating and raised his price target on Tableau Software (NYSE: DATA) to $132.00 (from $120.00) following big upside in Q3.

In addition to the usual quarterly run through Brian White from Drexel Hamilton noted that Tableau recently launched version 9.2 in beta and a mobile app, Vizable. The company also launched its China business in August and believes strength will persist into the future. The analyst believes Tableau's upside bodes well for Splunk (SPLK) and may indicate that upside is forthcoming.

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 $84.39 yesterday.