Alteryx (AYX) PT Raised to $90 at Needham & Company

Needham & Company analyst Jack Andrews raised the price target on Alteryx (NYSE: AYX) to $90.00 (from $74.00) while maintaining a Buy rating following the company's 4Q earnings report. AYX issued solid 4Q18 results as revenue came in ahead of the preannounced report. Due to the adoption of ASC606, AYX restated its FY18 income statement and provided results under the new standard.

AYX reported 4Q18 ASC605 revenue of $60.1 million, above consensus of $57.6 million. Non-GAAP EPS of $(0.01) was above the Street estimate of ($0.02).

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