RBC Capital Reiterates Sector Perform on Altair Engineering, Maintains $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg reiterated a 'Sector Perform' rating on Altair Engineering (NASDAQ:ALTR) and maintained a $90 price target.
February 23, 2024 | 3:45 pm
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RBC Capital maintains a 'Sector Perform' rating on Altair Engineering with a $90 price target.
The reiteration of the 'Sector Perform' rating and maintenance of the $90 price target by RBC Capital suggests a neutral outlook on Altair Engineering's stock in the short term. This indicates that the analyst believes the stock is fairly valued at its current level, neither significantly undervalued nor overvalued. Therefore, the impact on the stock price is likely to be neutral in the short term, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100