Alteryx could be valued near $44 in potential sale, says Truist

After Reuters reported that Alteryx is working with advisors to explore a potential sale after drawing takeover interest, Truist said the firm “would not be surprised to see” the company acquired at a multiple slightly below the 6x-7 times EV/Revenue valuation that it sees as the current benchmark based on recent transactions. Based on the firm’s calendar 2024 revenue estimates, this multiple “would imply a share price of ~$44, indicating the potential for ~26% upside from current levels,” the firm tells investors. Truist has a Buy rating and $40 price target on Alteryx shares.