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Top Analyst Bullish on Tableau Software Inc (DATA) Following Appointment of New CEO

Tableau Software Inc (NYSE:DATA) announced last night that Adam Selipsky, former Vice President of Marketing, Sales, and Support for Amazon Web Services would be filling the role of new DATA CEO and President effective September 16. For Drexel Hamilton top analyst Brian White, this comes as welcome news following the software giant’s struggle with sharp declines in share price ever since last summer, with stock now down 58% from its peak in July 2015.

White notes that on the heels of “disappointing financial performance as the company struggled with change, we believe new leadership was necessary.” Subsequently, the analyst reiterates a Buy rating...