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Fly News Breaks for August 6, 2018
AYX
Aug 6, 2018 | 09:15 EDT
Needham analyst Jack Andrews raised his price target on Alteryx to $51 ahead of its Q2 earnings this week, saying his recent attendance of the company's annual user conference indicated an "extraordinarily strong interest" in its solutions. The analyst further notes Alteryx's launch of a new platform that includes "new features to democratize data science in the enterprise". Andrews keeps his Buy rating on the company, adding that Alteryx has beaten the revenue mid-point guidance by an average of 6.6% over the past 7 quarters, and its stock moved up by about 6% the day after earnings.
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