Jefferies Cuts Price Target on Tableau Software (DATA) to $52 Following 2Q

Jefferies maintained a Hold rating on Tableau Software (NYSE: DATA), and cut the price target to $52.00 (from $56.00), following the company's 2Q earnings report. DATA reported Non-GAAP EPS of breakeven, below estimates of $0.05 while total revenue of $198.5M and license revenue of $116.3M both exceeded the Street’s expectations for $193.7M and $112.8M respectively.

Analyst John DiFucci commented, "DATA reported a solid top line relative to expectations, with license growth accelerating from the previous period, albeit off a much easier comp. However, the bottom line was uncharacteristically below expectations and guidance was reduced partially due to greater assumed ratable revenue than previously."

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 $56.40 yesterday.

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