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Altair Engineering

ALTRNASDAQ
Logo brought to you by Benzinga Data
$109.00
1.331.24%
At close: -
$109.00
0.000500.00%
After Hours: Dec 20, 4:01 PM EDT
Consensus Rating1
Hold
Highest Price Target1
$113.00
Lowest Price Target1
$70.00
Consensus Price Target1
$96.88

Altair Engineering (NASDAQ:ALTR) Stock, Analyst Ratings, Price Targets, Forecasts

Altair Engineering Inc has a consensus price target of $96.88 based on the ratings of 9 analysts. The high is $113 issued by RBC Capital on October 31, 2024. The low is $70 issued by Wolfe Research on August 17, 2022. The 3 most-recent analyst ratings were released by RBC Capital, Needham, and Rosenblatt on October 31, 2024, respectively. With an average price target of $108.67 between RBC Capital, Needham, and Rosenblatt, there's an implied -0.31% downside for Altair Engineering Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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Jul
1
1
Aug
2
Oct
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.9
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

RBC Capital
Needham
Rosenblatt
Loop Capital
Goldman Sachs

1calculated from analyst ratings

Analyst Ratings for Altair Engineering

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Altair Engineering (ALTR) stock?

A

The latest price target for Altair Engineering (NASDAQ:ALTR) was reported by RBC Capital on October 31, 2024. The analyst firm set a price target for $113.00 expecting ALTR to rise to within 12 months (a possible 3.67% upside). 18 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Altair Engineering (ALTR)?

A

The latest analyst rating for Altair Engineering (NASDAQ:ALTR) was provided by RBC Capital, and Altair Engineering maintained their sector perform rating.

Q

When was the last upgrade for Altair Engineering (ALTR)?

A

The last upgrade for Altair Engineering Inc happened on May 5, 2023 when Goldman Sachs raised their price target to $67. Goldman Sachs previously had a sell for Altair Engineering Inc.

Q

When was the last downgrade for Altair Engineering (ALTR)?

A

The last downgrade for Altair Engineering Inc happened on October 31, 2024 when Needham changed their price target from $100 to $100 for Altair Engineering Inc.

Q

When is the next analyst rating going to be posted or updated for Altair Engineering (ALTR)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Altair Engineering, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Altair Engineering was filed on October 31, 2024 so you should expect the next rating to be made available sometime around October 31, 2025.

Q

Is the Analyst Rating Altair Engineering (ALTR) correct?

A

While ratings are subjective and will change, the latest Altair Engineering (ALTR) rating was a maintained with a price target of $90.00 to $113.00. The current price Altair Engineering (ALTR) is trading at is $109.00, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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