Is alteryx a good stock to buy now?

Is alteryx a good stock to buy now?

The Bottom Line on AYX Stock Alteryx is a very good business going through a very good, albeit tough transition. And that’s why we’d recommend buying on the dip, since AYX stock is currently very undervalued and has solid upside potential.

Is alteryx Inc a buy?

Alteryx Inc (AYX) stock is lower by -38.47\% over the last 12 months, and the average rating from Wall Street analysts is a Buy. In addition to the average rating from Wall Street analysts, AYX stock has a mean target price of $98.00. This means analysts expect the stock to rise 39.86\% over the next 12 months.

Is Ayx overvalued?

Price to Book Ratio PB vs Industry: AYX is overvalued based on its PB Ratio (10.3x) compared to the US Software industry average (5.4x).

Is alteryx a buy Zacks?

Zacks’ proprietary data indicates that Alteryx, Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the AYX shares relative to the market in the next few months. The financial health and growth prospects of AYX, demonstrate its potential to underperform the market.

Is alteryx an acquisition target?

Potential Acquisition #1: Alteryx (Nasdaq: AYX) — Anirban Mahanti believes Alteryx’s (Nasdaq: AYX) expertise in transforming raw data sets into insightful analytics positions it as an excellent acquisition target.

Who are alteryx competitors?

Competitors and Alternatives to Alteryx

• Tableau.
• Microsoft.
• Qlik.
• IBM.
• SAP.
• Informatica.
• MicroStrategy.
• SAS.

Who bought alteryx?

Feature Labs
Feature Labs is known for developing Featuretools, an open source library for automated feature engineering with over 350,000 downloads at the time of acquisition. The acquisition added an engineering hub for Alteryx in Boston, Massachusetts. Feature Labs had raised $1.5 million prior to the acquisition.

Why is alteryx stock down?

Alteryx’s revenue forecasts dropped for two reasons: The average duration of sales contracts decreased. A bunch of salespeople left the firm.

How popular is Alteryx?

Alteryx is popular for its data preparation and data exploration capabilities. Consequently, most respondents use it for data preprocessing (66 percent) and data exploration (56 percent).

How many customers does Alteryx have?

Alteryx added 381 customers, up from an average of 307 adds in each previous quarter of 2018. There are now 534 Global 2000 customers, which represents a penetration rate of 26\%, indicating plenty of growth runway at the high end.

How popular is alteryx?

How many customers does alteryx have?

Is Alteryx a buy after its stock price plunged?

Alteryx’s stock price plunged because its guidance couldn’t support its valuations. It looks cheaper after that decline, but there are plenty of better growth stocks to buy following the latest sell-off in the tech sector.

Is Alteryx a better value stock than Salesforce?

Alteryx might seem like a better value than C3.ai and Palantir, especially if investors continue to flee pricier growth stocks, but it’s arguably less appealing than Salesforce, a much larger company that integrates its analytics tools into its market-leading customer relationship management platform.

How has coronavirus affected Alteryx’s stock?

Alteryx’s stock was trading at $108.54 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AYX stock has decreased by 33.3\% and is now trading at $72.36. View which stocks have been most impacted by COVID-19.

What does Alteryx Class A stock hold sell signals?

The Alteryx Inc. Class A stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $74.10 and $73.98. A break-up above any of these levels will issue buy signals.

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