BMO Capital analyst Keith Bachman lowered his price target on Tableau to $140 and kept his Market Perform rating after conducting a survey of potential users for its BI and analytics tools. The analyst notes that while 25% of respondents anticipated an increase in spending on self-service BI and analytics, he also sees the market as "very competitive with pricing pressure" and sees Tableau's total addressable market growth of 16%-18% for the next two years. Bachman adds that the company's transition to a subscription-based model could put the stock under pressure in the near term.