- Alteryx revenue recognition confuses many investors with short term Covid-19 headwinds and tough ASC606 comparisons, creating volatility in revenue results.
- The business fundamentals are strong and the recent partnership with Snowflake helps quiet a bear thesis farther out of mind.
- The company will likely have a strong rebound in 2021, with easier revenue comparisons to a poor 2020.
- Digital transformation initiatives in 2021 will help turn the depressed stock price around as we exit the pandemic.
For further details see:
Alteryx: Strong 2021 Recovery Awaits