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Alteryx Stock: +31.60% with the Developing Industry and New Management

Company Name: Alteryx Inc
Ticker: AYX.US
Entry Price: $114
Target Price: $150
Projected Yield: 31.60%
Time Line: 3 to 6 months
Risk: High

About Alteryx Inc

Alteryx is a US based company providing data processing and analytics software. The company sees its mission in making big data analysis software more accessible and understandable to a user. Alteryx is a major player in the data analysis software market providing its services in over 90 countries. In late Q3 2020, the number of its customers reached 6.95K.

What's the Idea?

Capitalize on a stock, which may rise with general industry development, new management, and stable financial position during the current crisis.

Buy Alteryx Inc Shares >>

Why Trade Alteryx Inc? 

Reason 1: Active Big Data Market Expansion

With the digital technologies being actively developed, implementing data analysis into business processes by both large and small companies is becoming a trend. Many companies use big data analysis to gauge future demand and optimize operations.

Alteryx provides a cloud platform with data analysis tools that simplify the analysis process and provide an opportunity to perform analysis without any special skills. Alteryx believes the data analysis tool market is currently worth $49B, while the company's earnings in 2020 are estimated at $495M.

This means the company has good opportunities to further increase its earnings and maintain high growth rates. The pandemic and the economic crisis somewhat slowed down this process, as many companies are reducing costs; however, the gradual recovery process has already started, and the company is adjusting its workflow to the current conditions. The demand for data analysis tools is expected to start growing at a higher rate in the second six months of 2021, which will allow Alteryx to boost sales and expand its market share.

Reason 2: New Management

In early October, Mark Anderson, formerly President of Palo Alto Networks, was appointed CEO of Alteryx. At Palo Alto Networks, Anderson and his team were able to being the company to success, from pre-IPO in 2012 to one of the global leaders in the cybersecurity market. Alteryx also got a new Chief Customer Officer and Chief Revenue Officer.

The new management is going to make changes in some of the company's business processes, which includes rebuilding the sales department and improving customer relation management, optimizing the operational activities, and further platform development. The measures taken by the new CEO should help boost sales and increase business margin.

The implementation of these ideas in the midterm is likely to be successful, since the new CEO and the team have enough experience and knowledge.

Reason 3: Confident Financial Position

The crisis had a negative impact on companies from many industries, which made them start reducing costs. Despite this, Alteryx was able to get over 850 new customers and increase its earnings. The company expects its ARR (Annual Recurring Revenue) to reach $492M to $495M, up 32% or 33%.

In Q1-Q3 2020, Alteryx's operating margin grew to 24%, the financial position being stable and the debt burden, low. The amount of liquid funds fully covers the current debt level, with the company also generating a positive operating cash flow.

The company has enough funds on its balance sheet ($723M) for further business development. This stable financial position helps Alteryx actively expand its market share and maintain high sales growth in the midterm.

How to Use the Idea

  1. Buy Alteryx Inc shares at $114.
  2. Allocate no more than 2% of your portfolio amount. To build a balanced portfolio, you can use recommendations by our analysts. 
  3. Sell the stock when the price is at $150 per share.

How to Buy Alteryx Inc?

If you don't have an investment account yet, open it now: this can be done online, in just 10 minutes. All you need to do is fill out a short form and verify your account.

After opening an account, you can buy shares in either of the following ways:

Freedom24 Web PlatformIn the Web Terminal section, type AYX.US (Alteryx Inc ticker in the NYSE) in the search box, and select Alteryx Inc in the results. Open a secure session in the trading window on the right, select the number of shares you want to buy, and click Buy.

Freedom24 iPhone or Android App: Go to the Price screen and tab the search icon in the top right corner. In the search dialog that shows up, type AYX.US (Alteryx Inc ticker in the NYSE) and select Alteryx Inc. in the search results. You will then see the stock in the market watch; tap it and go to the Order tab in the dialog that shows up. Specify the number of shares you want to buy and click Buy.

Buy Alteryx Inc to capitalize on the big data market trends!

Buy Alteryx Inc Shares >>

*Additional information is available upon request. Investment in securities and other financial instruments always involves risks of capital loss. The Client should make himself aware at his own accord, including to familiarize himself with Risk Disclosure Notice. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Commissions, fees or other charges can diminish financial returns. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and do not constitute an investment advice service. The recipient of this report must make their own independent decisions regarding any securities or financial instruments mentioned herein. Information has been obtained from sources believed to be reliable by Freedom Finance Cyprus Ltd or its affiliates and/or subsidiaries (collectively Freedom Finance). Freedom Finance do not warrant its completeness or accuracy except with respect to any disclosures relative to the Freedom Finance and/or its affiliates and the analyst’s involvement with the issuer that is the subject of the research. All pricing is indicative as of the close of market for the securities discussed, unless otherwise stated.