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WORK - The SaaS Correction Isn't Done But Names Like Alteryx Can Be Bought Already
Slack Technologies Inc. Class A
Ever since we argued that there was a good buy moment in the shares of Alteryx (AYX) on May 21 last year, when the stock price was just $30.85, we have regretted not executing on our own advice, and with good reason:
However, the shares are now off 35% from their 52-week high, which was just two months ago. There is clearly a massive correction going on, and a serious one, as the volume is also pretty high.
What's more, Alteryx isn't the only high-growth, high-valuation SaaS business software stock that's being slaughtered