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Fly News Breaks for May 2, 2019
AYX
May 2, 2019 | 08:26 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Alteryx to $86 after its "solid" beat-and-raise Q1 results that were highlighted by enterprise customer momentum and a near-doubling of $100K+ expansion deals. The analyst remains positive on the company's "execution and value proposition", along with its progress in data science, but keeps his Neutral rating on the stock based on its 12-times enterprise value to expected 2020 revenue valuation.
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