As of September 18, 2023, a total of 13 analysts have provided their 12-month price targets for Alteryx, offering a diverse range of predictions. The average price target stands at $49.08, with the highest estimate reaching $73.00 and the lowest at $30.00.
Interestingly, the current average price target has experienced a significant decrease of 24.18% compared to the previous average of $64.73. This indicates a shift in sentiment among analysts regarding the future performance of Alteryx.
Over the past 3 months, analysts have expressed varying opinions on Alteryx. Six analysts have displayed a bullish outlook, indicating a strong belief in the company’s potential. On the other hand, three analysts have expressed a somewhat bullish sentiment, suggesting cautious optimism. Four analysts have remained indifferent, neither leaning towards a positive nor negative stance. Notably, no analysts have displayed a somewhat bearish or bearish outlook during this period.
It is worth noting that analysts gather their insights from various sources, including company conference calls, meetings, financial statements, and conversations with key insiders. Additionally, some analysts provide additional guidance by publishing predictions for metrics such as growth estimates, earnings, and revenue. However, it is important to remember that analysts are humans too, and their opinions should be considered alongside other factors when making investment decisions.
Alteryx, Inc.
AYX
Buy
Updated on: 18/09/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Sell
AYX (Alteryx Inc) Stock: Mixed Performance on September 18, 2023 Raises Concerns About Profitability
AYX (Alteryx Inc) stock had a mixed performance on September 18, 2023. The stock opened at $36.21, higher than the previous day’s closing price of $34.85. Throughout the day, it traded in a range of $35.36 to $37.16. The trading volume was 3,513,120 shares, which was higher than the average volume of 2,122,528 shares over the past three months.
AYX has a market capitalization of $2.5 billion and operates in the Technology Services sector, specifically in the Packaged Software industry.
The company’s earnings growth last year was -73.84%, indicating a decline in profitability. However, there is no information available regarding the earnings growth for the current year. The projected earnings growth for the next five years is -13.26%, suggesting a potential slowdown in the company’s future profitability.
On the other hand, AYX experienced a significant revenue growth of 59.54% in the previous year, which is a positive sign for the company’s top-line performance.
The price/sales ratio for AYX is 4.06, which means that investors are willing to pay $4.06 for every dollar of the company’s sales. The price/book ratio is 13.95, indicating that the stock may be trading at a premium compared to its book value.
The company is headquartered in Irvine, California.
Looking ahead, the next reporting date for AYX is October 31, 2023. Analysts forecast an earnings per share (EPS) of $0.09 for the current quarter. In the previous year, the company generated an annual revenue of $855.4 million, but incurred a net loss of -$318.5 million. The net profit margin for AYX is -37.24%, indicating that the company is not currently profitable.
Overall, AYX stock had a mixed performance on September 18, 2023. While the stock opened higher and experienced a decent trading volume, the negative earnings growth and net loss raise concerns about the company’s profitability. However, the significant revenue growth in the previous year indicates potential for future success. Investors should closely monitor the company’s financial performance and upcoming earnings reports for a better understanding of its trajectory.
Alteryx Inc (AYX) Stock Analysis: Median Target Price of $45.00 Indicates Positive Market Sentiment
On September 18, 2023, Alteryx Inc (AYX) stock had a median target price of $45.00, according to 15 analysts. The high estimate was $64.00, while the low estimate was $30.00. This median estimate represented a +23.19% increase from the last recorded price of $36.53.
The consensus among 19 polled investment analysts was to buy stock in Alteryx Inc. This rating had remained steady since September.
Alteryx Inc is a data analytics software company that provides a platform for data preparation, blending, and analysis.
Alteryx Inc reported earnings per share of $0.09 for the current quarter and sales of $233.0 million.
Investors can expect more insights into Alteryx Inc’s financial performance when the company reports its next earnings on October 31.
Overall, the market sentiment towards Alteryx Inc remains positive, with analysts recommending buying the stock. The median target price of $45.00 suggests a potential increase in value. However, investors should carefully consider their own investment goals and risk tolerance before making any investment decisions.
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