Alteryx upgraded to Buy from Hold at Loop Capital

Loop Capital analyst Yun Kim upgraded Alteryx to Buy from Hold with an unchanged price target of $65. Recent positive channel checks provide greater confidence that the company’s recent solid sales momentum over the past several quarters can be sustained not only well into this year but over the next several years, the analyst tells investors in a research note. Checks with global system integrators indicate they have started to ramp their Alteryx practice meaningfully since the beginning of the year largely in response to their clients’ increasing demand, says the firm.