Why Alteryx Stock Sank Today
(NYSE: AYX) stock fell in Monday's trading following a rating downgrade from an analyst. The analytics and data-services company's share closed out the daily session down 9.2%, according to data from S&P Global Market Intelligence.
Piper Sandler published an analyst note on Alteryx before the market opened today, downgrading its rating on the stock from neutral to underweight. The firm kept its one-year price target on the stock at $30 per share. For comparison, the stock ended the day priced at $31.71 per share.
Piper Sandler analyst Brent Bracelin issued a series of negative ratings moves on stocks in the software industry today. In addition to lowering its rating on Alteryx stock, the analyst also issued more cautious coverage on Matterport, Asana, Salesforce, and Unity Software.
Source Fool.com
Alteryx Inc Stock
Our community is currently high on Alteryx Inc with 5 Buy predictions and 2 Sell predictions.
With a target price of 51 € there is a slightly positive potential of 14.86% for Alteryx Inc compared to the current price of 44.4 €.
