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Fly News Breaks for February 3, 2017
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Feb 3, 2017 | 08:22 EDT
JMP Securities analyst Greg McDowell noted that Tableau Software's Q4 earnings beat was driven by accelerating license growth, showing its enterprise momentum continuing. The company's "ambitious vision" focuses on business analytics, which is one of the largest areas of spending in enterprise IT, noted McDowell, who reiterated his Outperform rating on Tableau shares and raised his price target on the stock to $65 from $58 to account for his increased revenue forecast.
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