JP Morgan Initiates Coverage On Altair Engineering with Overweight Rating, Announces Price Target of $86
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa has initiated coverage on Altair Engineering (NASDAQ:ALTR) with an Overweight rating and set a price target of $86.

December 22, 2023 | 12:15 pm
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JP Morgan has initiated coverage on Altair Engineering with an Overweight rating and a price target of $86, which may positively influence the stock's performance.
Analyst ratings, especially from prominent financial institutions like JP Morgan, can significantly impact a stock's short-term performance. An Overweight rating suggests that the analyst believes the stock will outperform the average return of the stocks in the analyst's coverage universe. The announcement of a price target above the current market price can also lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100