Based on ratings from 3 stock analysts, the Altair Engineering Inc stock price is expected to increase by 0.52% in 12 months. This is calculated by using the average 12-month stock price forecast for Altair Engineering Inc. The lowest target is $86.00 and the highest is $95.00. Please note analyst price targets are not guaranteed and could be missed completely.
About 3 Wall Street analysts have assignedALTR 2 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect Altair Engineering Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on ALTR. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
kenneth wong Oppenheimer | Buy | $95.0 | maintained | Jan 22, 2024 |
stephen tusa J.P. Morgan | Buy | $86.0 | initiatedcoverage | Jan 8, 2024 |
matthew hedberg RBC Capital | Hold | $90.0 | maintained | Jan 7, 2024 |
dylan becker William Blair | Buy | None | maintained | Nov 3, 2023 |
kash rangan Goldman Sachs | Hold | $64.0 | reiterated | Nov 2, 2023 |
mark schappel Loop Capital Markets | Buy | $81.0 | reiterated | Aug 31, 2023 |
blair abernethy Rosenblatt Securities | Buy | $74.0 | reiterated | Aug 29, 2023 |
charles shi Needham | Buy | $77.0 | reiterated | Aug 4, 2023 |
andrew degasperi Berenberg Bank | Buy | $85.0 | maintained | Aug 4, 2023 |
gal munda Wolfe Research | Buy | $76.0 | maintained | Aug 4, 2023 |
jay vleeschhouwer Griffin | Hold | None | reiterated | Mar 8, 2022 |
jackson ader MoffettNathanson | Buy | $83.0 | maintained | Feb 25, 2022 |
bhavan suri William Blair | Buy | None | maintained | Dec 15, 2021 |
brian essex J.P. Morgan | Buy | $69.0 | initiatedcoverage | May 14, 2021 |
alex tout Deutsche Bank | Hold | $36.0 | downgraded | Aug 9, 2019 |
sterling auty MoffettNathanson | Hold | None | maintained | Nov 5, 2018 |
nandan amladi Guggenheim | Buy | $37.0 | maintained | Mar 22, 2018 |
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. The company operates in two segments: Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.
When did it IPO
2017
Staff Count
3,200
Country
United States
Sector/Industry
Technology/Software - Infrastructure
CEO
Mr. James R. Scapa
Market Cap
$7.10B
In 2023, ALTR generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ALTR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
MASI-USD
$134.69
RGLD-USD
$108.65
HAS-USD
$50.19
LYFT-USD
$17.91
CROX-USD
$115.72
HQY-USD
$81.33