Loop Capital raised the firm’s price target on Alteryx to $48 from $35 and keeps a Hold rating on the shares after the company agreed to be acquired by Clearlake Capital Group and Insight Partners for $48.25 per share. The proposed transaction valuation looks to be “fair” given the company’s recent execution mishaps, its current transition to be based more on cloud-based architecture, and its relevancy in GenAI-driven business operations, the analyst tells investors in a research note.
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