AYX - Why Alteryx Stock Sank Today
2023-10-23 16:38:21 ET
Alteryx (NYSE: AYX) stock fell in Monday's trading following a rating downgrade from an analyst. The analytics and data-services company's share closed out the daily session down 9.2%, according to data from S&P Global Market Intelligence .
Piper Sandler published an analyst note on Alteryx before the market opened today, downgrading its rating on the stock from neutral to underweight. The firm kept its one-year price target on the stock at $30 per share. For comparison, the stock ended the day priced at $31.71 per share.
Piper Sandler analyst Brent Bracelin issued a series of negative ratings moves on stocks in the software industry today. In addition to lowering its rating on Alteryx stock, the analyst also issued more cautious coverage on Matterport , Asana , Salesforce , and Unity Software .
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Why Alteryx Stock Sank Today