Alteryx shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target form $60 to $70.
Portfolio Pulse from Benzinga Newsdesk
Alteryx shares are trading higher after Bank of America Securities upgraded the stock from Neutral to Buy and raised its price target from $60 to $70.
June 01, 2023 | 2:08 pm
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Bank of America Securities upgraded Alteryx from Neutral to Buy and raised its price target from $60 to $70, resulting in higher trading.
The upgrade from Bank of America Securities directly impacts Alteryx's stock price, as it indicates increased confidence in the company's performance. The raised price target from $60 to $70 also suggests a higher valuation, which is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100