2021 Will Be A Year Of Transformation For Alteryx
Software stocks have taken a beating recently as sentiment has
turned bearish due to fear of inflation and expectations of
interest rate hikes. These fears are not unfounded as interest
rates are near historic lows, and even a modest increase can have a
dramatic impact on stock pricing models. One of the hardest hit
software stocks during the market correction was Alteryx, Inc.
(AYX), an industry leader in data analytics. The stock plummeted
from $140 to less than $90 in one month and is now sitting on
long-term support that has been in place since mid-2019.