Fly News Breaks for May 2, 2019
May 2, 2019 | 09:19 EDT
Cowen analyst J. Derrick Wood noted that Alteryx management raised their FY19 revenue forecast by $10M after the company reported strong Q1 results, but he believes the guidance remains conservative, citing several factors that give him confidence in the company's ability to sustain strong growth momentum. He also thinks Alteryx is positioned to see significant growth in deal sizes over the next couple of years. Wood keeps an Outperform rating on Alteryx and raised his price target on the stock to $103 from $97 following the Q1 report.
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