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Fly News Breaks for November 4, 2015
MSTR, QLIK, DATA
Nov 4, 2015 | 07:59 EDT
JPMorgan analyst Mark Murphy believes Tableau (DATA) competitive concerns are overblown after speaking with six contacts in the company's partner ecosystem. The stock is down 35% since the all-time highs in July as investors weighed the Business Intelligence softness seen at Qlik Technologies (QLIK) and MicroStrategy (MSTR), Murphy tells investors in a research note. Tableau, however, is capable of reporting toward the high end of its guidance range, the analyst contends. He keeps an Overweight rating on the stock with a $115 price target.
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