Analyst Price Target Update on Tableau Software (NYSE:DATA)

Tableau Software (NYSE:DATA) shares are expected to touch $72.65 in the short term. This short term price target has been shared by 17 analysts. However, the standard deviation of short term price estimate has been valued at 25. The target price could hit $120 on the higher end and $40 on the lower end.

Many analysts have stated their opinion on the company shares. Wunderlich maintains its view on Tableau Software (NYSE:DATA) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Wunderlich lowers the price target from $75 per share to $65 per share on Tableau Software . The rating by the firm was issued on May 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Baskett Forest, director of Tableau Software Inc, had unloaded 73,200 shares at an average price of $55.15 in a transaction dated on June 7, 2016. The total value of the transaction was worth $4,036,980.

Tableau Software (NYSE:DATA) : On Monday heightened volatility was witnessed in Tableau Software (NYSE:DATA) which led to swings in the share price. The stock opened for trading at $53.94 and hit $55.72 on the upside , eventually ending the session at $54.38, with a gain of 0.87% or 0.47 points. The heightened volatility saw the trading volume jump to 1,404,406 shares. The 52-week high of the share price is $131.34 and the company has a market cap of $4,046 million. The 52-week low of the share price is at $36.6 .

Tableau Software, Inc. (Tableau) is a provider of analytics and business intelligence software solutions. The Companys products are Tableau Desktop, a self-service analytics product, Tableau Server, a business intelligence platform for organizations, Tableau Online, a cloud-based version of Tableau Server, and Tableau Public, a free cloud-based platform for analyzing and sharing public data. The Companys products are used by people across a range of organizations, including Fortune 500 corporations, small and medium-sized businesses, government agencies, universities, research institutions and non-profits. The Companys technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Companys Live Query and In-Memory Data Engines technologies. The Company markets its products under the Tableau brand.

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