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Fly News Breaks for June 12, 2019
AYX
Jun 12, 2019 | 08:33 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Alteryx to $95 after its annual user conference Inspire. The analyst says the investor session during the conference offered a more upbeat outlook for the company's forecasts, with the management estimating 30%-35% free cash flow margins in the next 4-6 years along with 35%-40% operating margins - higher than the 20% long-term model assumed in Alteryx's IPO materials. Jaluria adds that the conference has made him "incrementally more positive on Alteryx" and its long-term profitability potential, even though he is keeping his Neutral rating with a view that shares are "fully valued."
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