Altair Engineering Inc

Altair Engineering Inc Stock Forecast & Price Prediction

Live Altair Engineering Inc Stock (ALTR) Price
$89.86

3

Ratings

  • Buy 2
  • Hold 1
  • Sell 0
Disclaimer : The analyst ratings and price forecast data are provided by Tradefeeds. The data is sourced from Wall Street analysts and other experienced experts. The figures presented are solely a forecast and not a guarantee of future price performance. The information presented is not a recommendation to buy or sell the stock.

Stock Price

$89.86

P/E Ratio

-163.25

Volume Traded Today

$584,381

Dividend

Dividends not available for ALTR

52 Week High/low

92.92/53.92

Altair Engineering Inc Market Cap

$7.10B

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ALTR Summary

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.

ALTR Analyst Ratings

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.

ALTR stock forecast by analyst

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

ALTR Company Information

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.

ALTR
Altair Engineering Inc (ALTR)

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

Altair Engineering Inc (ALTR) Financial Data

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 2020

N/A

Revenue From 2021

N/A

0.00 %
From Previous Year

Revenue From 2022

N/A

0.00 %
From Previous Year

Revenue From 2023

N/A

0.00 %
From Previous Year
  • Revenue TTM $601.6M
  • Operating Margin TTM -11.0%
  • Gross profit TTM $449.3M
  • Return on assets TTM -0.3%
  • Return on equity TTM -2.8%
  • Profit Margin -2.7%
  • Book Value Per Share 7.79%
  • Market capitalisation $7.10B
  • Revenue for 2021 N/A
  • Revenue for 2022 N/A
  • Revenue for 2023 N/A
  • EPS this year (TTM) $-0.21
... ...

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ALTR Frequently asked questions

The highest forecasted price for ALTR is $95.00 from kenneth wong at Oppenheimer.

The lowest forecasted price for ALTR is $86.00 from stephen tusa from J.P. Morgan

The ALTR analyst ratings consensus are 2 buy ratings, 1 hold ratings, and 0 sell ratings.