Alteryx Inc Stock Forecast:
The average analyst target price for Alteryx Inc over the next 12 months is USD 74.50 based on the stock estimates from 12 analysts. The typical analyst rating for Alteryx Inc. is Buy. The stock analysis by Stock Target Advisor for Alteryx Inc. is Bearish and is based on 2 positive and 7 negative indications. The stock price of Alteryx Inc. was USD 60.09 at the most recent closing. The share price of Alteryx Inc. changed by +1.78% over the previous week, +24.31% over the previous month, and +10.54% over the previous year.
Analysts Coverage Change:
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- Needham & Co. maintains Alteryx (AYX:NYE) with a “Buy” rating and raises the price target to $78 from $62.
- Piper Jaffray maintains an “Overweight” rating and raises the price target to $87 from $60.
- Rosenblatt Securities maintains a “Buy” rating and raises the price target to $86 from $77.
- Cowen maintains an “Outperform” rating and raises the price target to $85 from $75.
- Oppenheimer & Co. maintains a “Buy” rating and raises the price target to $80 from $70.
Alteryx Inc. News:
After revealing that its sales increased by 73% in the fourth quarter, big data company Alteryx Inc.’s shares increased more than 9% in extended trading.
Additionally, it provided strong outlook for the upcoming quarter and the entire year, further enhancing investor confidence.
In comparison to the $37.5 million loss it recorded a year earlier, the company reported a net loss for the quarter of $31.7 million. Earnings per share before some expenses, such as stock compensation, were 84 cents, much exceeding Wall Street’s forecast of 51 cents. The period’s revenue of $301.1 million much exceeded the analyst’s prediction of $279.3 million.
The corporation reported total sales for fiscal 2022 of $855.4 million, an increase of 60% over the previous year, providing a positive image for the entire year.
Positive Fundamentals:
Healthy cash flow
The last four quarters saw positive total cash flow for the organisation.
Superior growth in revenue
Compared to its industry, this stock’s revenue growth over the previous five years has been in the top quartile.
Negative Fundamentals:
High turbulence
Over the past five years, this company’s total returns have been erratic and higher above the industry average. If you plan to invest in such a stock, be sure your risk tolerance is adequate.
Excessive in comparison to wages
The stock is trading above the sector median and at a premium to its peers in terms of price to earnings.
Compared to book value, it is overpriced
On a price to book value basis, the stock is selling at a premium to the median of its peer group.
Overpriced based on cash flow
On a price to cash flow ratio, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median. Whenever you are thinking about buying, go with prudence.
Extremely leveraged
In terms of debt to equity, the company is heavily leveraged and in the bottom half of its sector rivals. Check the news, though, and study the sector and management remarks. This can be high at times since the business is attempting to grow quickly.
Free cash flow that is negative
In the last four quarters, the company’s overall free cash flow was negative.
Low growth in earnings
Compared to its sector, this stock’s five-year median earnings growth was lower than average.
FA Score (Fundamental Analysis):
The fundamental analysis of Alteryx Inc. is “Bearish” with a FA score of 2.2 out of 10, where 0 is very bearish and 10 is very bullish.
