Bentley Systems (BSY) has received a rating upgrade to 'buy' due to its attractive valuation and positive growth outlook. The company's forward PE ratio is currently 40x, and it is expected to see revenue growth acceleration to mid-teens percentage in the coming years. Key growth drivers include new AI-powered applications and increased subscription adoption, which enhance productivity and reduce procurement friction. The current valuation decline presents an attractive entry point, with potential for BSY to trade at its historical average of 46x forward PE if growth accelerates.