What’s Next for Tableau Software Inc (DATA) After Forming Bullish Wedge Up Chart Pattern?

September 17, 2017 - By Dolores Ford

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.10, from 0.95 in 2016Q3. It improved, as 32 investors sold Tableau Software Inc shares while 59 reduced holdings. 31 funds opened positions while 65 raised stakes. 54.34 million shares or 1.03% more from 53.78 million shares in 2016Q3 were reported.
Finemark Bank accumulated 544 shares. Fil Limited has 769,288 shares for 0.1% of their portfolio. Bnp Paribas Arbitrage Sa reported 0% in Tableau Software Inc (NYSE:DATA). Asset One Communication Ltd reported 14,587 shares. Stifel Finance Corp holds 13,497 shares or 0% of its portfolio. Deutsche Bank Ag invested in 877,135 shares or 0.03% of the stock. Royal Comml Bank Of Canada holds 0% of its portfolio in Tableau Software Inc (NYSE:DATA) for 138,742 shares. 1.20 million are held by Dorsal Limited Liability Co. Susquehanna Limited Liability Partnership stated it has 117,776 shares or 0% of all its holdings. 7,387 are owned by Bluemountain Cap Mngmt Ltd Liability Corporation. Timber Hill Lc has 7,346 shares for 0% of their portfolio. Natixis Asset Mgmt invested in 0.03% or 8,192 shares. Fisher Asset Ltd Liability invested 0.01% in Tableau Software Inc (NYSE:DATA). Sg Americas Secs Limited Company owns 10,603 shares. Amalgamated Bank holds 0.02% of its portfolio in Tableau Software Inc (NYSE:DATA) for 9,791 shares.

The stock of Tableau Software Inc (DATA) formed an up wedge with $81.02 target or 8.00 % above today’s $75.02 share price. The 8 months wedge indicates low risk for the $5.93B company. If the $81.02 price target is reached, the company will be worth $474.40 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.28% or $0.21 on September 15, reaching $75.02. About 708,030 shares traded. Tableau Software Inc (NYSE:DATA) has risen 25.71% since September 17, 2016 and is uptrending. It has outperformed by 9.01% the S&P500.

Investors wait Tableau Software Inc (NYSE:DATA) to report on November, 7. its quarterly earnings Wall Street analysts expect $-0.37 earnings per share, up $0.03 or 7.50 % from last year’s $-0.4 same quarter earnings. Tableau Software Inc’s Wall Street analysts see -31.48 % EPS growth, taking into account the $-0.54 EPS reproted in the previous quarter,

Tableau Software Inc (NYSE:DATA) Ratings Coverage

Among 39 analysts covering Tableau Software (NYSE:DATA), 17 have Buy rating, 3 Sell and 19 Hold. Therefore 44% are positive. Tableau Software had 110 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, February 8 by Morgan Stanley. Drexel Hamilton maintained Tableau Software Inc (NYSE:DATA) on Tuesday, August 1 with “Hold” rating. The firm earned “Neutral” rating on Wednesday, November 2 by Mizuho. The firm has “Outperform” rating given on Thursday, May 4 by BMO Capital Markets. The stock of Tableau Software Inc (NYSE:DATA) earned “Hold” rating by Jefferies on Wednesday, August 2. The firm earned “Hold” rating on Tuesday, July 19 by Summit Redstone Partners. The firm has “Strong-Buy” rating by Vetr given on Wednesday, August 26. BMO Capital Markets maintained the shares of DATA in report on Friday, February 3 with “Market Perform” rating. The stock of Tableau Software Inc (NYSE:DATA) has “Buy” rating given on Wednesday, November 2 by Wunderlich. Robert W. Baird maintained Tableau Software Inc (NYSE:DATA) on Tuesday, August 23 with “Outperform” rating.

More important recent Tableau Software Inc (NYSE:DATA) news were published by: Businesswire.com which released: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of Tableau …” on September 15, 2017, also Fool.com published article titled: “Why Tableau Software, Inc. Stock Rose 12.5% in August”, Seekingalpha.com published: “Tableau: Roaring Back To Life” on September 14, 2017. More interesting news about Tableau Software Inc (NYSE:DATA) was released by: Globenewswire.com and their article: “TABLEAU ALERT: Rosen Law Firm Reminds Tableau Software, Inc. Investors of …” with publication date: September 13, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.