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Fly News Breaks for May 6, 2019
DATA
May 6, 2019 | 07:25 EDT
Wedbush analyst Steve Koenig raised his price target for Tableau to $153 from $145 following quarterly results. The analyst notes that despite a headline miss due to a higher subscription mix, the company's Q1 execution looked "quite positive." Koenig remains positive on Tableau shares given its large market opportunity and leading position in visual analytics; a strong management team; his outlook for upside to the 2019 ARR guide of 36% year over year driven by subscription adoption, enterprise penetration, and customer receptivity to new product bundles; and an attractive valuation. He reiterates an Outperform rating on the shares.
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