Analysts Offer Insights on Technology Companies: Alteryx Inc (AYX) and Worldpay Inc (WP)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Alteryx Inc (NYSE:AYX) and Worldpay Inc (NYSE:WP) with bullish sentiments.

Alteryx Inc (AYX)

Citigroup analyst Tyler Radke maintained a Buy rating on Alteryx Inc today and set a price target of $61. The company’s shares closed yesterday at $47.80, close to its 52-week high of $47.82.

According to TipRanks.com, Radke is a 1-star analyst with an average return of -0.7% and a 37.5% success rate. Radke covers the Technology sector, focusing on stocks such as Hortonworks, Cision Ltd, and Talend SA.

Currently, the analyst consensus on Alteryx Inc is a Strong Buy with an average price target of $51.11, which is a 6.9% 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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Worldpay Inc (WP)

Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Worldpay Inc today and set a price target of $92. The company’s shares closed yesterday at $83.35.

Foresi said:

“: We maintain our Overweight rating and 12-month price target of $92 on WP*. Worldpay reported results well above expectations. 2018 guidance for the merged company was raised. We look to the call to provide further merger updates, performance in the high growth channels, including eCommerce, margin profile, and recent Merchant signing activity/ramps. WP is trading +5% in premarket trading.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 18.9% and a 83.6% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Worldpay Inc has an analyst consensus of Strong Buy, with a price target consensus of $94.

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