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Fly News Breaks for October 24, 2016
DATA
Oct 24, 2016 | 10:29 EDT
BofA/Merrill analyst Brad Sillsreiterated his Buy rating on Tableau ahead of the Q3 earnings report on November 1. The analyst said near-term risks of the cloud transition, new CEO, the competitive environment, and sales execution are reflected in valuation. Sills expects cloud transition and the relatively unknown CEO will both improve in the coming quarters with the analyst meeting on November 8 and the earnings call, and reiterates his Buy rating and a $75 price target.
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