DATA - Tableau: Pullback Reflects A Generous Valuation
In the first month of 2019, shares of data visualization leader Tableau (DATA) reached an important milestone: It has finally reclaimed the ~$120 level at which it traded before dropping precipitously in response to a poor Q4 print three years ago. At the time, shares of Tableau fell more than 50% in a single day, with analysts and investors calling out major competitive risk and serious sales execution problems.
Slowly Tableau has been able to push these problems under the rug - although one could argue that cheaper solutions like Microsoft’s Power BI