Tableau: Opportunity Surfaces
- Tableau Software beaten down on weak guidance.
- The biggest problem with the stock was a high valuation that didn't price in the expected revenue slowdown.
- The valuation represents a bargain for the business analytics sector.
In an incredible move, Tableau Software (NYSE:DATA) is trading down almost 50% based on soft 2016 guidance. My warning for several months now was that the stock needed a valuation rerating before investors became involved in this story.
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