The mean of analysts' price targets for Alteryx, Inc. (AYX) points to a 27.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Here is how Analog Devices (ADI) and Alteryx, Inc. (AYX) have performed compared to their sector so far this year.
Shares of Alteryx (NYSE: AYX) climbed 17.7% last month, according to data provided by S&P Global Market Intelligence, following a quarterly report that beat analyst estimates for revenue and earnings. The company's sales growth was impressive, but its profitability really stood out, thanks to diligent expense management. This demonstrated Alteryx's ability to manage costs without sacrificing growth.