Alteryx (AYX) Stock Forecast & Price Target

Alteryx is a software company that provides a self-service data analytics software platform, which has led to significant revenue growth and a positive outlook for the future. Despite a conservative Q4 guidance and a recent reset of CY23 guidance, management's improved sales execution and cost-discipline have led analysts to believe the company can succeed in targeting the entire market of Excel power users and continue to grow ARR and Revenue in the mid-to-high teens. In line with this strong performance, both Non-GAAP Operating Income and Revenue were guided to levels higher than previously forecasted, while the recent acquisition of Capped Call Settlement demonstrates management's confidence in their position.

Alteryx is a software company that offers self-service data analytics software with revenue generated from a subscription-based platform. Despite recent improvements in internal execution and cost controls, the company still faces heightened execution and model risks in a challenging IT environment. In addition to these risks, Alteryx relies heavily on one platform and could face challenges in managing and sustaining high revenue growth, and may be impacted by external market factors and reliance on third-party licenses. These factors, along with increasing competition and potential costs in maintaining new connectors, contribute to the negative outlook on Alteryx's stock.