Vetr Advises Hold On Tableau Following Big Earnings Spike

On Monday, the Vetr crowd downgraded their rating for Tableau Software Inc DATA from 4.5 stars (Strong Buy), issued 11 days ago, to 3 stars (Hold). Crowd sentiment for Tableau is still mostly positive, with 70 percent of Vetr user ratings bullish.

Share price in Tableau spiked in Friday's pre-market session following an earnings report that shattered analyst estimates for EPS ($0.26 against an estimate of $0.13), and revenue ($250.7 million compared to an estimated $230 million). The volume on DATA pushed the stock up 18 percent, up to a high of $56.91. By the end of trading on Monday, the stock was at $54.12.

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Currently, the Vetr crowd's average target price for the stock is down at $54.28, which is below the average analyst target price of $62.15. Less than 2 percent of Vetr users are holding DATA in their watch-lists.

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