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Fly News Breaks for May 3, 2018
DATA
May 3, 2018 | 08:52 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Tableau to $95 after the company's Q1 results, saying the transition to a subscription-based revenue model is taking hold and should benefit from more product offerings. The analyst keeps his Sector Perform rating, citing "elevated potential" for volatility given the unpredictable timing of large contracts as well as valuation and concerns over Tableau's pricing strategy.
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