The growth story for Tableau Software (DATA) will likely extend beyond its fourth-quarter earnings, out after the close Wednesday, even with recent price cuts on a rival product by Microsoft. So says Karl Keirstead, an analyst for Deutsche Bank, in a research note Sunday. Keirstead said Microsoft (MSFT) cut prices on its Tableau rival Power BI products by 50% to 55%. And he said prices for a new product not yet generally available will be priced
Tableau Software (DATA), with revenue of $232 million last year, is on track to approach $1 billion in license revenue in the business intelligence software market in four years, says investment bank Cowen & Co., in initiating coverage of the company Friday with a market perform rating. Cowen cautions, though, that Tableau faces a growing crush of rivals that include Salesforce.com, Qlik Technologies and IBM (IBM). Cowen analyst Jesse Hulsing
Tableau Software (DATA) — a company with revenue under $100 million as recently as 2011 — could reach the billion-dollar revenue mark in the fast-growing data analytics software market in the next three to four years. In a research report Tuesday, Brent Bracelin, an analyst for Pacific Crest Securities, raised his estimates for Q4 2014 and all of 2015 and 2016. He also raised his price target on Tableau stock to 104 from 101 and maintained a buy