Is Tableau Software (NYSE:DATA) Finally Worth Your Time? What Does Goldman Sachs Think?


Why Has Goldman Sachs Given Tableau Software (NYSE:DATA) a $99.00 Price Target

Goldman Sachs analyst initiated coverage on Tableau Software (NYSE:DATA) with a $99.00 Estimated Target Price and Neutral rating. The Estimated Target Price provides a potential upside of 9.63% from firm’s previous stock close.

From a total of 27 analysts covering Tableau Software (NYSE:DATA) stock, 20 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 69% of the ratings are positive. The highest target price is $145 while the lowest target price is $80. The mean of all analyst targets is $117.81 with a 25.58% above today’s ($89.42) stock price. Tableau Software was the topic of 21 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on November 6 with “Mkt Perform” rating. Mizuho maintained shares with “Neutral” rating and $108 target share price in a report from a July 30. Drexel Hamilton initiated DATA stock in a recent report from October 9 with “Buy” rating. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on an August 17.

Approximately 269,683 shares of stock traded hands. Tableau Software Inc (NYSE:DATA) has declined 16.50% since May 8, 2015 and is downtrending. It has underperformed by 13.48% the S&P500.

The overall sentiment of institutions has increased to 1.49 in Q2 2015. Its up 0.11, from 1.38 in 2015Q2. The ratio increased, as 60 institutions have sold all the shares of Tableau Software Inc that they owned while 68 funds have taken shares off the table. 78 funds have purchased shares for the first time while 113 added to their positions. These institutions now hold 47.53 million shares or 3.45% more than the 45.94 million shares they owned in 2015Q2.

The Fund Meritech Capital Associates Iii L.L.C. currently is holding shares equating to 26.34% of its total portfolio in Tableau Software Inc representing a total of 841,646 shares. Another fund,Antipodean Advisors Llc, is holding a total of 1.23 million shares equating to 11.14% of their holdings. Additionally, Telemark Asset Management Llc has a 240,000 share stake in Tableau Software Inc which represents 5.86% of their total portfolio. The Fund, Dorsal Capital Management Llc, based out of California, has also built up a stake in the stock, which represents a total of 4.77% of their total portfolio. Finally Altimeter Capital Management Lp, a fund which is based in the state of Massachusetts reported a total holdings of 604,621 shares.

Tableau Software, Inc. is a well-known provider of analytics and business intelligence software solutions. The company has a market cap of $6.69 billion. The Company’s products are Tableau Desktop, a self-service analytics product, Tableau Server, a business intelligence platform for organizations, Tableau Online, a cloud version of Tableau Server, and Tableau Public, a free cloud platform for analyzing and sharing public data. It currently has negative earnings. The Company’s products are used by people across a range of organizations, including Fortune 500 firms, small and medium-sized businesses, government agencies, universities, research institutions and non-profits.

According to Zacks Investment Research, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington.” Get a free copy of the Zacks research report on Tableau Software Inc (DATA).