Rosenblatt offers its insight on three tech stocks ahead of their earnings results in May.
Alteryx, Inc. will report Q1 results on May 3. Rosenblatt believes that the spending environment has continued to be positive in Q1 for enterprise Digital Transformation projects and low-code/no-code analytics automation platforms such as Alteryx Designer.
Rosenblatt maintained a Buy and target price of $87, representing a potential return of 36 percent.
Datadog, Inc. will report Q1 results on May 5. This quarter, Rosenblatt expected another strong performance by Datadog, with revenues in line or marginally above its 71 percent y-o-y growth expectations.
Recent end-market data points indicate continued rapid adoption of cloud services and enterprise Digital Transformation projects driving next-generation monitoring tools.
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