AYX - Alteryx Is Poised For A Recovery
- Alteryx is one of the leaders in the analytics software space. Its USP is the ease-of-use of its products which bridges the gap between data scientists and business users.
- The whole analytics market has markedly slowed down as enterprises had to cut costs and shift their investment focus during the pandemic. This hit Alteryx' shares overproportionally hard.
- However, the underlying trend towards analytics remains strong. Companies will refocus on their analytics capabilities in the coming years and Alteryx is poised to benefit.
- If your investment horizon is long enough, this slowdown in revenue growth and fall in share price is a chance to buy a quality company for a good price.
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Alteryx Is Poised For A Recovery