Needham Keeps Their Buy Rating on Alteryx (AYX)

In a report released today, Mike Cikos from Needham reiterated a Buy rating on Alteryx (AYXResearch Report), with a price target of $80.00. The company’s shares closed last Friday at $68.65.

Cikos covers the Technology sector, focusing on stocks such as Alteryx, New Relic, and Nutanix. According to TipRanks, Cikos has an average return of 0.5% and a 44.59% success rate on recommended stocks.

In addition to Needham, Alteryx also received a Buy from Rosenblatt Securities’s Blair Abernethy in a report issued on August 3. However, on the same day, Morgan Stanley maintained a Hold rating on Alteryx (NYSE: AYX).

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AYX market cap is currently $4.7B and has a P/E ratio of -15.13.

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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. The company was founded by Dean A. Stoecker, Olivia Duane-Adams, and Edward P. Harding, Jr. in March 1997 and is headquartered in Irvine, CA.

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