$66 Price Target And Buy Rating


  • The shares of Alteryx Inc (NYSE: AYX) have received a $66 price target from Needham. These are the details.

The shares of Alteryx Inc (NYSE: AYX) have received a $66 price target from Needham. And Needham transferred coverage of Alteryx to Mike Cikos while keeping a Buy rating on the shares.

The price target was lowered in the research report to reflect peer group multiple compression. Alteryx reported a fourth-quarter earnings beat and they also accelerated ARR growth to 30% with strength expected to continue based on the 32% guidance for the first quarter.

Plus Cikos added that Alteryx is solidly executing with improving sales productivity, better employee retention, and the highest customer renewal rates since FY18.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.



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