World News – US – Alteryx climbs 24% on Q3 sales outlook, new CEO – Report Door

Alteryx shares jumped nearly 24% in Monday’s extended market after the data analyst improved its third-quarter earnings forecast and announced the appointment of a new PDGAlteryx (AYX) now estimates third quarter revenue in the range of $ 126 million to $ 128 million, year-over-year growth of 22% to 24% The numbers are more higher than the previously provided revenue forecast of $ 111 million to $ 115 million, released on August 6 The company is expected to report third quarter results on November 5 In addition, the company announced that Mark Anderson, a board member of administration, would succeed Alteryx Co-Founder, President and CEO Dean Stoecker, effective immediately Stoecker will also serve as executive chairman of Alteryx and chairman of the board (See analysis of AYX shares on TipRanks) Following the announcements, Wedbush analyst Daniel Ives reiterated his buy rating on the share with a Price target of $ 132 (159% upside potential) Ives said Anderson’s appointment as CEO « should be reassuring to the bulls of AYX, as Anderson’s expertise and track record in updating Scale enterprise software organizations, most recently with Palo Alto Networks, keep the company in good hands on its march to $ 1 billion in revenue »Analyst Remains Positive on High Q3 Forecast and Added, » AYX is well positioned to capture a major share of the nearly $ 50 billion analytics, business intelligence and data preparation market dollars with its user-friendly end-to-end data preparation and analytics platform « The Street has a bullish outlook on Alteryx stock Analyst consensus Strong Buy is based on 7 buys and 2 takes The average price target of $ 156 11 implies upside potential of around 371% Shares are up 138% year-to-date Related News: Oppenheimer pushes Starbucks PT to $ 101 on resumption of sales Bet Targa up 6% on $ 500 million buyout plan, solid outlook; Analyst sees 82% upside Smart Global 12% drop on missed sales in 4th quarter Newer Smarter Analyst articles: * Dollar Tree to add 25,000 work their during hiring vacation period * Southwest urges workers to cut wages to avoid layoffs * Northern Star, Saracen To Merge to Create $ 11 5B Gold Miner * GSK Partner Nvidia to Use AI for Discovery medication

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Alteryx, Stock, NYSE: AYX, Analytics, Chief Executive