Alteryx price target raised to $35 from $30 at Loop Capital

Loop Capital raised the firm’s price target on Alteryx to $35 from $30 but keeps a Hold rating on the shares. The company’s sales execution improved in the quarter after a poor performance in the first half, but while the improved execution led to ARR upside in the quarter, net new ARR still declined relative to last year for the quarter and for the past three quarters, the analyst tells investors in a research note.