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Fly News Breaks for July 29, 2015
DATA
Jul 29, 2015 | 14:26 EDT
Wedbush said Tableau's Q2 deceleration was due to an difficulty in sustaining an extraordinarily high growth rate and regression to more sustainable rates in the wake of difficult comps. The firm's checks indicate Tableau's competitive position, sales cycles, and pricing environment are unchanged. Wedbush does not think Tableau's story is broken and views the selloff as an excellent entry point. Shares are Outperform rated with a $122 price target on shares, down from $125.
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