- Alteryx’s ARR beat but revenue miss was caused by the change in its contract duration and isn’t a positive or a negative by itself.
- Alteryx’s labor force issues, however, are a key negative. This is especially the case when combined with the very aggressive ARR guidance for the rest of the year.
- I believe that Alteryx will disappoint the market on the next release and adjust down its full-year guidance.
- The downside for the stock is limited due to its relatively low valuation and modest analyst recommendation. The upside in the case that I’m wrong could be high. I’m on the sidelines.
For further details see:
Alteryx: Drawdown Is Likely