What’s Propelling Alteryx, Inc. (AYX) to Reach All Time High?

July 16, 2018 - By Jason Dias

The stock of Alteryx, Inc. (NYSE:AYX) reached all time high today, Jul, 16 and still has $43.36 target or 3.00 % above today’s $42.10 share price. This indicates more upside for the $2.55 billion company. This technical setup was reported by Barchart.com. If the $43.36 PT is reached, the company will be worth $76.53 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.02% or $0.01 during the last trading session, reaching $42.1. About 315,092 shares traded. Alteryx, Inc. (NYSE:AYX) has risen 69.22% since July 16, 2017 and is uptrending. It has outperformed by 56.65% the S&P500.

Analysts await Alteryx, Inc. (NYSE:AYX) to report earnings on August, 1. They expect $-0.14 EPS, down 16.67 % or $0.02 from last year’s $-0.12 per share. After $-0.07 actual EPS reported by Alteryx, Inc. for the previous quarter, Wall Street now forecasts 100.00 % negative EPS growth.

More recent Alteryx, Inc. (NYSE:AYX) news were published by: Benzinga.com which released: “Citigroup Expands Big Data Coverage, Names Alteryx, Tableau Software, Talend As Top Picks” on June 29, 2018. Also Seekingalpha.com published the news titled: “Pivotal: A Long Time Coming” on June 19, 2018. Forbes.com‘s news article titled: “Be A Monster Truck, Not A Unicorn” with publication date: June 22, 2018 was also an interesting one.

Alteryx, Inc. provides self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. The company has market cap of $2.55 billion. It offers Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web environment; and Alteryx Analytics Gallery, a cloud collaboration offering that allows users to share workflows in a centralized repository. It currently has negative earnings. The firm serves clients in business and financial services, consumer goods, healthcare, retail, technology, and travel and hospitality industries in approximately 50 countries.

Alteryx, Inc. (NYSE:AYX) Ratings Chart

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