Needham Downgrades Altair Engineering to Hold, Maintains Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi has downgraded Altair Engineering (NASDAQ:ALTR) from Buy to Hold, while maintaining the price target at $100.
October 31, 2024 | 1:19 pm
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Needham analyst Charles Shi downgraded Altair Engineering from Buy to Hold, maintaining the price target at $100. This suggests a neutral outlook on the stock.
The downgrade from Buy to Hold indicates that the analyst no longer sees significant upside potential in the stock, suggesting a neutral outlook. However, the maintained price target of $100 implies that the stock is expected to remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100