KeyBanc analyst Brent Bracelin maintained a Buy rating on Alteryx Inc (NYSE: AYX) yesterday and set a price target of $131. The company’s shares closed yesterday at $47.80, close to its 52-week high of $47.82.
Bracelin noted:
“We are raising estimates and our PT to $61 from $53 factoring in strong underlying fundamentals for the leader in data automation and workflow tools. Large lands and international driving $3M revenue beat on 54% growth.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 22.3% and a 76.6% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alteryx Inc with a $47.44 average price target, a -0.8% downside from current levels. In a report issued on August 6, Needham also maintained a Buy rating on the stock with a $51 price target.
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The company has a one-year high of $47.82 and a one-year low of $18.64. Currently, Alteryx Inc has an average volume of 939.6K.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AYX in relation to earlier this year.
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Alteryx, Inc. engages in the provision of self-service data analytics software. Its subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and benefit from data-driven decisions.
