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Shares of analytics platform provider Alteryx (NYSE: AYX) surged higher on Tuesday, jumping as much as 30%. The stock's gain followed news of a CEO change and an improved outlook from management for the company's third-quarter revenue.
The software-as-a-service company's new CEO and stronger-than-expected momentum in Q3 have one analyst reiterating a buy rating on the stock and lifting his 12-month price target for shares, implying he thinks this is a good time to buy the growth stock .