Alteryx (AYX) Margins Talked Up At Analyst Day, PT To $95 At DA Davidson

DA Davidson analyst, Rishi Jaluria, reiterated her Neutral rating on shares of Alteryx (NYSE: AYX) and raised the price target to $95.00 (from $86.00) after attending AYX's Investor Meeting at its annual user conference, Inspire. The investor presentation offered one key incremental takeaway: a new target model that includes 30%-35% FCF margins in the next 4-6 years and 35%-40% operating margins (up from 20% in the LT model provided at IPO). The analyst believes this new model implies a valuation of ~$130 today.

The analyst is below consensus at $0.41 for the quarter compared with consensus of $0.44 and did not walk through the math she used to reach the $130 PT but clearly a doubling of operating margins from the IPO projections is a very positive soft piece of data.

For an analyst ratings summary and ratings history on Alteryx click here. For more ratings news on Alteryx click here.

Shares of Alteryx closed at $95.50 yesterday.

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