Needham Maintains Alteryx Buy Rating: Here’s What You Need to Know

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Needham has decided to maintain its Buy Rating of Alteryx AYX and increase its price target from $57.00 to $68.00.

Shares of Alteryx are trading up 20.48% in the past 24 hours, at $60.92 per share.

A move to $68.00 would represent an 11.61% increase from the current stock price.

About Alteryx

Alteryx Inc is a software company that provides self-service data analysis software. Its software platform enables organizations to dramatically improve business results and business analyst productivity. The company offers solutions such as advanced analytics, location intelligence, data preparation, technology integrations, and more. It serves financial services; Health care; Detail; Transport and logistics ; oil and gas; Pharmaceutical, biotechnology and other industries. The company derives its revenue from the sale of a subscription-based software platform.

About analyst ratings

Analysts work in banking and financial systems and typically specialize in reporting on stocks or defined sectors. Analysts can attend company conference calls and meetings, research company financials, and communicate with insiders to issue “analyst notes” for stocks. Analysts typically rate each stock once a quarter.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that this expert advice is human-sourced and may be subject to error.

If you want to track which analysts are outperforming others, you can view updated analyst ratings as well as analyst pass scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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