- A sector-wide SaaS business software platform, sparked by concerns of slowing corporate IT spending, has taken the shares of Alteryx already 35% off their top.
- There is no reason the company will be affected all that much given the secular tailwinds provided by Big Data and the move to the cloud.
- While the shares are still expensive and could fall further, we think investors could start to nibble here, either directly or by selling put options.
- In any case, we also offer an alternative in the same SaaS space that has no valuation issues. In fact, it’s downright cheap already.
The SaaS Correction Isn’t Done, But Names Like Alteryx Can Be Bought Already
October 21st, 2019 · No Comments