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BofAML adds Tableau Software to Top Picks

Published 07/17/2017, 09:08 AM
© Reuters.  BofAML adds Tableau Software to Top Picks
  • Bank of America Merrill Lynch (NYSE:BAC) analyst Brad Sills adds Tableau Software (NYSE:DATA) to his Top Pick list while maintaining a Buy rating and a $76 price target.
  • Sills notes a number of key improvements in Q2 including enterprise deployment expansions, strong Tableau Server sales, lower competition from visualization vendors like Salesforce Wave and Amazon (NASDAQ:AMZN) QuickSight, and an openness to partnerships.
  • Sills sees Q2 upside potential for license equivalent bookings and thinks Tableau can achieve 20% revenue growth long term.
  • Source: StreetInsider.
  • Tableau Software shares are up 0.97% premarket.
  • Now read: Commvault: One Of The Sweeter Fruits New Jersey Has To Offer


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