Alteryx (AYX) PT Raised to $137 at Cowen; Bes SMID-Cap Idea

Cowen analyst J. Derrick Wood raised the price target on Alteryx (NYSE: AYX) to $137.00 (from $112.00) while maintaining a Outperform rating.

Wood commented, "We recommend AYX as our best SMID-cap idea. After making AYX our Best Idea for 2019 last Dec., we continue to believe there is significant appreciation potential as the co. benefits from 1) on-boarding of new productive growth capacity; 2) pushing more aggressively into Data Sciences; and 3) leveraging its highly efficient sales model. We raise our PT to $137 on a new DCF and bottom-up analysis."

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