Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Alteryx Inc before investing.

In this article, we go over a few key elements for understanding Alteryx Inc’s stock price such as:

• Alteryx Inc’s current stock price and volume
• Why Alteryx Inc’s stock price changed recently
• Upgrades and downgrades for AYX from analysts
• AYX’s stock price momentum as measured by its relative strength

About Alteryx Inc (AYX)

Before we jump into Alteryx Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Alteryx Inc. is a self-service data analytics software company that provides a subscription-based platform, enabling organizations to prepare, blend and analyze data from multitude sources and ease data-driven decisions. The Company’s platform is comprised of Alteryx Designer, Alteryx Server, Alteryx Connect, Alteryx Promote and Alteryx Intelligence Suite. The Company democratizes access to data-driven insights to all data workers, business analysts, programmers and data scientists by expanding the capabilities and analytical sophistications. The Company’s platform allows business analysts to view underlying data, meta-data and applied analytics at any stage during the process. The Company’s platform is designed to interact with a wide variety of traditional data sources. Its platform is also capable of processing data from cloud applications, such as Google Analytics, Marketo, NetSuite, salesforce.com, and Workday, as well as social media platforms, such as Facebook and Twitter.

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What Caused Alteryx Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 30, 2023, there were 9 analysts who downgraded Alteryx Inc’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Alteryx Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Alteryx Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Alteryx Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Alteryx Inc (AYX) by visiting AAII Stock Evaluator.

Relative Price Strength of Alteryx Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 30, 2023, Alteryx Inc has a weighted four-quarter relative price strength of 8.93%, which translates to a Momentum Score of 88 and is considered to be Very Strong.

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Alteryx Inc Stock Price: Bottom Line

As of December 1, 2023, Alteryx Inc’s stock price is $41.88, which is up 4.57% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Alteryx Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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