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home / news releases / AYX - Alteryx: Don't Buy The Dip


AYX - Alteryx: Don't Buy The Dip

Source: 1-yr Total Return of AYX vs benchmarks, using KoyFin

I rate Alteryx (AYX) a "Hold", maintaining my rating from my last article. The Q2 earnings shock has erased most of Alteryx's gains since late April/May due to very weak guidance for the rest of 2020, undercutting analyst expectations. Consumer buying behavior has changed for the worse and the company expects the slump to continue for coming quarters. Investors may be tempted to buy the dip on account of a cheaper valuation, but I think it's best to stay on the sidelines. Alteryx remains

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Stock Information

Company Name: Alteryx Inc. Class A
Stock Symbol: AYX
Market: NYSE
Website: alteryx.com

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