Analysts at Credit Suisse upgraded shares of Tableau Software 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% of the business intelligence market was generated outside of North America in 2013 versus 22.5% of Tableau's revenue during the first half of 2014, analysts found.
Shares of Tableau Software Inc recently traded at $72.34 up 1.3 percent.
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