In-Depth Examination Of 7 Analyst Recommendations For Altair Engineering
Portfolio Pulse from Benzinga Insights
Altair Engineering (NASDAQ:ALTR) has received mixed analyst ratings over the last quarter, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for ALTR has been raised to $93.00, indicating an 8.45% increase from the previous target. Analysts from firms including Rosenblatt, JP Morgan, Needham, RBC Capital, and Oppenheimer have provided updates, with actions ranging from maintaining to raising their ratings and price targets. Altair's financial health shows positive revenue growth, exceptional net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.
April 29, 2024 | 1:00 pm
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Altair Engineering has seen a varied range of analyst ratings, with a recent average price target increase to $93.00. The company's financial indicators such as revenue growth, net margin, ROE, and ROA are strong, despite a higher debt-to-equity ratio.
The increase in the average price target to $93.00 reflects a positive outlook from analysts, suggesting an expected upward movement in ALTR's stock price in the short term. The company's strong financial health, including positive revenue growth and exceptional net margin, supports this optimistic view. However, the mixed ratings and the high debt-to-equity ratio introduce some caution, which is reflected in the confidence score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100