Shares of software company Tableau dipped Monday after analysts at Deutsche Bank downgraded the stock to "hold" from "buy."
The data visualization company ended the day down more than 2 percent, and has lost more than half of its value year over year.
"Bottom line, we are incrementally concerned about price discounting and competition and have less confidence in the upside potential to Tableau's 2016 guidance," the Deutsche Bank note said.
Tableau raised its topline outlook for the fiscal year in May. But analysts at Deutsche bank questioned whether discounts, which were up materially in the June quarter, can translate into higher win rates.