Tableau Software (DATA) Stock Falls, Downgraded at Deutsche Bank

Tableau Software (DATA) stock is retreating in pre-market trading Monday as Deutsche Bank lowered its rating on shares to ‘hold.’
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Tableau Software (DATA) - Get Report are down 2.54% to $55.61 in pre-market trading Monday as Deutsche Bank cut its rating on the stock to "hold" from "buy." The firm has a $65 price target on shares.

The software products' stock is up 50% since bottoming at $37 per share in February following its 2015 fourth quarter miss, the firm said.

"Given the stock is <15% away from our $65 target, we reached out to 5 Tableau partners/resellers and several customers to update our thoughts ahead of the 2Q16 print after the close on August 2," the firm wrote in an analyst note.

"Bottom line, we are incrementally concerned about price discounting and competition and have less confidence in the upside potential to Tableau's 2016 guidance," Deutsche Bank added.

Separately,  TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: DATA

Loading ...