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Fly News Breaks for February 22, 2018
AYX
Feb 22, 2018 | 09:30 EDT
BofA/Merrill analyst Brad Sills raised his price target on Alteryx to $35 and kept his Buy rating after a Q4 earnings beat across all metrics. Sills notes that the 55% revenue growth sustains the rates seen in Q1-Q3, while billings grew 62% and customer count grew 46% from last year. The analyst also believes that the company's FY18 outlook is conservative, assuming 35% revenue growth vs. 54% in FY17 on heightened investment in sales/marketing and R&D.
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