In the latest quarter, 7 analysts provided ratings for Alteryx (NYSE:AYX), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 5 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 4 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $50.36, a high estimate of $60.00, and a low estimate of $40.00. This current average reflects an increase of 21.85% from the previous average price target of $41.33.
Understanding Analyst Ratings: A Comprehensive Breakdown
A clear picture of Alteryx's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $60.00 | - |
| Brent Bracelin | Piper Sandler | Lowers | Neutral | $48.25 | $50.00 |
| Tyler Radke | Citigroup | Announces | Neutral | $48.25 | - |
| Brent Bracelin | Piper Sandler | Maintains | Neutral | $50.00 | - |
| Mike Cikos | Needham | Raises | Buy | $56.00 | $42.00 |
| Brent Bracelin | Piper Sandler | Raises | Neutral | $50.00 | $32.00 |
| Gil Luria | DA Davidson | Announces | Neutral | $40.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Alteryx. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Alteryx compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Alteryx's stock. This analysis reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Alteryx's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Alteryx analyst ratings.
All You Need to Know About Alteryx
Alteryx Inc is a software company that provides self-service data analytics software. Alteryx delivers easy end-to-end automation of data engineering, analytics, reporting, machine learning, and data science processes, enabling enterprises everywhere to democratize data analytics across their organizations for a broad range of use cases. The company generates its revenue from the sale of a subscription-based software platform.
Financial Insights: Alteryx
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Over the 3 months period, Alteryx showcased positive performance, achieving a revenue growth rate of 7.91% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Alteryx's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -21.55%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Alteryx's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -84.03%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Alteryx's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.95%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 19.19, Alteryx faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.