Opinions
Kim Bolton
Alteryx Inc
AYX-N
PAST TOP PICK
Nov 20, 2024
$48.270
Stock price when the opinion was issued
Technology
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BUY ON WEAKNESS
COMMENT
The rotation out of tech didn't help enterprise software stocks. It's tumbled from $185 last summer to around $78 now. In February they delivered a discouraging full-year forecast, but last week they reported a surprisingly good quarter and raised that guidance. Has it been punished enough?
Technology
WATCH
It's an enterprise software stock, a group that has been punished in this market after being once celebrated. AYX reported earlier his month a revenue beat with a smaller than expected earnings loss, plus they raised their full-year forecast. Shares jumped 9% the next day, but has been hammered since then.
Technology
TOP PICK
Appeal is that everybody can work with streams of data, without having to be a coder. The whole data analytics side is only as good as the data. Benefit is that it gathers data from different locations, assimilating it into one package. Was very leveraged, so got clobbered with higher interest. Has now found its grounding.
Great long runway, his 12-month price target is $69. No dividend.
Technology
A good pick, as it went private a month later ;) Going back to the opening "dartboard" chart, this was in the analytics segment.