Analyst Expectations For Altair Engineering's Future
Portfolio Pulse from Benzinga Insights
Altair Engineering (NASDAQ:ALTR) received mixed analyst ratings with an updated average 12-month price target of $91.0, reflecting a 7.69% increase from the previous target. The company's financial performance shows a 12.28% revenue growth but struggles with profitability and debt management. Analysts from RBC Capital, Oppenheimer, Rosenblatt, and JP Morgan provided recent evaluations, adjusting their ratings and price targets based on Altair's market dynamics and performance.

February 23, 2024 | 8:00 pm
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Altair Engineering received mixed analyst ratings, with an updated average 12-month price target of $91.0. The company shows strong revenue growth but faces challenges in profitability and debt management.
The mixed analyst ratings and the updated price target reflect a cautiously optimistic outlook on Altair Engineering's future performance. The revenue growth is a positive sign, but the concerns over profitability and debt management could temper investor enthusiasm. The detailed analysis by analysts from reputable firms like RBC Capital, Oppenheimer, Rosenblatt, and JP Morgan adds credibility to the evaluations, influencing investor perceptions and potentially the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100