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Fly News Breaks for February 28, 2019
AYX
Feb 28, 2019 | 09:41 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Alteryx to $74 after its "strong" Q4 but contends that the ASC606 adoption served as a "major tailwind" to the top line. The analyst still sees the company's execution and value proposition as admirable but keeps his Neutral rating given the "full" valuation on the stock at 11-times enterprise value to expected FY20 revenue.
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