Courtesy of Benzinga.
Analysts at Credit Suisse upgraded shares of Tableau Software Inc (NYSE: DATA) from Neutral to Outperform and raised the price target from $87.50 to $100.00 Tuesday.
Philip Winslow is confident in Tableau’s ability to maintain healthy revenue growth.
Analysts also identify that the company has a technology advantage in its highly-intuitive, visual-based core BI capabilities. Winslow stated, “ Tableau's development strategy positions the company to (1) continue to expand the market for business intelligence software and (2) increasingly gain market share in large enterprise deployments.”
Tableau is also experiencing International expansion momentum. Analysts view Internet expansion for Tableau as “significant” given that 52.8 percent of the business intelligence market was generated outside of North America in 2013 versus 22.5 percent of Tableau's revenue during the first half of 2014, analysts found.
Shares of Tableau Software Inc last traded at $72.99, up 2.27 percent.
Latest Ratings for DATA
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 2014 | Credit Suisse | Upgrades | Neutral | Outperform |
| Aug 2014 | Baird | Maintains | Outperform | Outperform |
| Aug 2014 | JMP Securities | Maintains | Market Perform | Market Perform |
View More Analyst Ratings for DATA
View the Latest Analyst Ratings
Posted-In: Credit Suisse Philip WinslowAnalyst Color Upgrades Price Target Analyst Ratings
