Ratings for Altair Engineering (NASDAQ:ALTR) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for Altair Engineering, presenting an average target of $92.75, a high estimate of $100.00, and a low estimate of $88.00. This current average has increased by 0.82% from the previous average price target of $92.00.

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.

Key Insights:

For valuable insights into Altair Engineering's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Altair Engineering analyst ratings.

About Altair Engineering

Unraveling the Financial Story of Altair Engineering

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: Altair Engineering's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 4.14%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Altair Engineering's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 9.57%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.24%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): Altair Engineering's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.21%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Altair Engineering's debt-to-equity ratio surpasses industry norms, standing at 0.44. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

What Are Analyst Ratings?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.