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Fly News Breaks for November 7, 2018
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Nov 7, 2018 | 09:14 EDT
BofA/Merrill analyst Brad Sills raises his price target on Tableau to $140 and kept his Buy rating after its "solid" Q3 results, sayings the company's annual recurring revenue growth was driven by the "continued subscription uptake in the enterprise segment". The analyst further contends that the recurring revenue growth rate in the mid forties during the quarter supports his view that the "new role based pricing model has been a net positive catalyst for large enterprise deal activity", more than offsetting "deflationary impact from the cannibalization of the higher priced Explorer or Creator subscriptions".
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