Tableau Software (DATA) Stock Price Target Raised at Jefferies

NEW YORK (TheStreet) -- Jefferies raised its price target for Tableau Software (DATA) to $105 from $100 on Friday, reiterating its "hold" rating.

Shares of Tableau Software were gaining 9.8% to $106.97 in morning trading.

The analyst firm raised its 2015 EPS estimate for the software company to 34 cents a share from its previous estimates of 20 cents a share. Jefferies also raised its 2016 EPS estimate for Tableau Software to 68 cents a share from 38 cents a share.

"DATA reported yet another strong quarter, driven by strong license and total revenue growth, much of which fell to the bottom line," Jefferies analysts wrote. "The company continues to benefit from its strong marketing efforts to monetize what we view as a strong secular demand trend in the self-service data visualization market. In addition, DATA is benefiting from expansion into international markets and the signing of larger deals."

Separately, TheStreet Ratings team rates TABLEAU SOFTWARE INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate TABLEAU SOFTWARE INC (DATA) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value."

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