There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Alteryx Inc (NYSE:AYX) and CenturyLink Inc (NYSE:CTL) with bullish sentiments.
Alteryx Inc (AYX)
Oppenheimer analyst Ittai Kidron maintained a Buy rating on Alteryx Inc yesterday and set a price target of $56. The company’s shares closed yesterday at $47.80, close to its 52-week high of $47.82.
Kidron wrote:
“Alteryx reported a strong 2Q18, delivering impressive top line and margin upside while highlighting strong customer and deal metrics as well as accelerating international expansion. Our bullish view on Alteryx remains unchanged and is reinforced by the fact that the accelerating growth/billings figures have yet to see a material contribution from new solutions (Promote and Connect). While investment near-term is likely to rise as the company develops the infrastructure needed to support Promote/Connect, we believe it could yield further revenue upside and help Alteryx maintain high growth rates for a longer period of time. With no impact from Tableau’s Prep, strong core growth, and new solutions ramping, we remain bullish. Raising estimates given results/guidance. Our price target goes from $48 to $56.”
According to TipRanks.com, Kidron is a top 100 analyst with an average return of 24.3% and a 65.4% success rate. Kidron covers the Consumer Goods sector, focusing on stocks such as Juniper Networks, Pure Storage Inc, and Arista Networks.
Currently, the analyst consensus on Alteryx Inc is a Strong Buy with an average price target of $56.11, implying a 17.4% upside from current levels. In a report issued on August 6, Needham also maintained a Buy rating on the stock with a $51 price target.
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CenturyLink Inc (CTL)
Merrill Lynch analyst David Barden maintained a Buy rating on CenturyLink Inc yesterday and set a price target of $27. The company’s shares closed yesterday at $18.54.
Barden has an average return of 2.6% when recommending CenturyLink Inc.
According to TipRanks.com, Barden is ranked #4173 out of 4850 analysts.
Currently, the analyst consensus on CenturyLink Inc is a Hold with an average price target of $21.30, implying a 14.9% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $22 price target.
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