Analysts' ratings for Altair Engineering (NASDAQ:ALTR) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
Bullish
Somewhat Bullish
Indifferent
Somewhat Bearish
Bearish
Total Ratings
1
2
4
0
0
Last 30D
0
0
1
0
0
1M Ago
0
0
0
0
0
2M Ago
1
1
1
0
0
3M Ago
0
1
2
0
0
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $93.0, with a high estimate of $100.00 and a low estimate of $88.00. This current average reflects an increase of 8.45% from the previous average price target of $85.75.
Decoding Analyst Ratings: A Detailed Look
The standing of Altair Engineering among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst
Analyst Firm
Action Taken
Rating
Current Price Target
Prior Price Target
Blair Abernethy
Rosenblatt
Maintains
Neutral
$88.00
$88.00
Stephen Tusa
JP Morgan
Raises
Overweight
$95.00
$86.00
Charles Shi
Needham
Maintains
Buy
$100.00
-
Matthew Hedberg
RBC Capital
Maintains
Sector Perform
$90.00
-
Matthew Hedberg
RBC Capital
Maintains
Sector Perform
$90.00
-
Ken Wong
Oppenheimer
Raises
Outperform
$100.00
$95.00
Blair Abernethy
Rosenblatt
Raises
Neutral
$88.00
$74.00
Key Insights:
Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Altair Engineering. This offers insight into analysts' perspectives on the current state of ...Full story available on Benzinga.com
Related tickers: ALTR.
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