The SaaS Correction Isn’t Done, But Names Like Alteryx Can Be Bought Already

  • 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.

Source: The SaaS Correction Isn’t Done, But Names Like Alteryx Can Be Bought Already – Alteryx, Inc. (NYSE:AYX) | Seeking Alpha