Goldman Sachs Downgrades Altair Engineering to Sell, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Altair Engineering (NASDAQ:ALTR) from Neutral to Sell and lowered the price target from $85 to $71.
August 02, 2024 | 12:09 pm
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NEGATIVE IMPACT
Goldman Sachs has downgraded Altair Engineering from Neutral to Sell and reduced the price target from $85 to $71.
The downgrade from a major financial institution like Goldman Sachs and the significant reduction in the price target are likely to negatively impact investor sentiment and the stock price of Altair Engineering in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100