Mizuho Maintains Neutral on Ansys, Lowers Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Matthew Broome has maintained a Neutral rating on Ansys (NASDAQ:ANSS) and reduced the price target from $350 to $330.
January 17, 2024 | 4:44 pm
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NEUTRAL IMPACT
Mizuho analyst Matthew Broome maintains a Neutral stance on Ansys, but lowers the price target from $350 to $330.
The reduction in price target by Mizuho reflects a more conservative valuation of Ansys, which could lead to a tempered investor outlook. However, since the rating remains Neutral, the immediate impact on the stock price may be limited. The importance is significant as price targets by analysts can influence market perception, but the unchanged rating mitigates the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100