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Benzinga
Benzinga
Business
Anusuya Lahiri

Read How Analysts Reacted To Alteryx's Q4 Results

  • Analysts had mixed opinions on Alteryx Inc (NYSE:AYXpost Q4 beat. Alteryx is a software company that provides self-service data analytics software.
  • Oppenheimer analyst Ittai Kidron lowered the firm's price target on Alteryx to $85 from $105 (62.9% upside) to reflect multiple realignments while keeping an Outperform rating on the shares. 
  • The analyst notes Alteryx's Q4 results solidly beat consensus/guide, with the full year 2022 top-line/ARR expectations ahead of the Street. 
  • The strong results reflected accelerating new customer adds, greater G2K penetration, and favorable secular demand trends, Kidron adds.
  • Piper Sandler maintained Alteryx with an Overweight and raised the price target from $85 to $87 (66.6% upside).
  • Needham analyst Mike Cikos maintained Alteryx with a Buy and lowered the price target from $97 to $66 (26% upside).
  • Morgan Stanley maintained Alteryx with an Equal-Weight and reduced the price target from $89 to $81 (55% upside).
  • Price Action: AYX shares traded higher by 6.42% at $55.54 in the premarket on the last check Wednesday.
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