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Fly News Breaks for August 9, 2018
AYX
Aug 9, 2018 | 08:52 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Alteryx to $52 after its Q2 earnings beat, with higher than expected revenue driven by higher average revenue per customer. The analyst also notes a net expansion rate above 130% for the 7th consecutive quarter, suggesting the "success of the land-and-expand model" for Alteryx. Jaluria keeps his Neutral rating on the shares, noting that while he is positive on the company's value proposition, the stock looks "fully valued".
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