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Altair Engineering - ALTR Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $64.33
  • Forecasted Upside: -6.57%
  • Number of Analysts: 5
  • Breakdown:
  • 1 Sell Ratings
  • 0 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$68.86 As of 03/24/2023 01:00 AM ET
▲ +0.01 (0.01%)

This chart shows the closing price for ALTR by one month, three months, or twelve months.

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Analyst Price Target for ALTR

Analyst Price Target is $64.33
▼ -6.57% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for Altair Engineering in the last 3 months. The average price target is $64.33, with a high forecast of $70.00 and a low forecast of $44.00. The average price target represents a -6.57% upside from the last price of $68.86.

This chart shows the closing price for ALTR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 5 investment analysts is to buy stock in Altair Engineering. This rating has held steady since October 2022, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
10/2/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
12/31/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
3/31/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
6/29/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
9/27/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
12/26/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
2/24/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
3/26/2023

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/27/2023The Goldman Sachs GroupBoost TargetSell$39.00 ➝ $44.00Low
2/24/2023Needham & Company LLCBoost TargetBuy$60.00 ➝ $70.00Low
2/24/2023Rosenblatt SecuritiesBoost TargetBuy$63.00 ➝ $67.00Low
2/24/2023OppenheimerBoost TargetOutperform$60.00 ➝ $65.00N/A
2/24/2023Loop CapitalBoost Target$60.00 ➝ $70.00Low
11/16/2022Needham & Company LLCInitiated CoverageBuy$60.00Low
10/24/2022Rosenblatt SecuritiesLower TargetBuy$70.00 ➝ $63.00Low
8/16/2022Wolfe ResearchInitiated CoverageOutperform$70.00Low
7/27/2022OppenheimerReiterated RatingInitiatesLow
7/26/2022OppenheimerInitiated CoverageOutperform$60.00Low
7/21/2022Rosenblatt SecuritiesLower TargetBuy$77.00 ➝ $70.00Low
6/27/2022The Goldman Sachs GroupDowngradeNeutral ➝ Sell$62.00 ➝ $41.00Low
3/7/2022The Goldman Sachs GroupLower TargetNeutral$78.00 ➝ $67.00Low
11/9/2021Loop CapitalInitiated CoverageBuy$95.00Low
11/5/2021Griffin SecuritiesInitiated CoverageNeutralMedium
11/5/2021Royal Bank of CanadaBoost TargetSector Perform$74.00 ➝ $87.00Low
9/7/2021William BlairReiterated RatingBuyLow
8/6/2021Rosenblatt SecuritiesBoost TargetBuy$79.00 ➝ $80.00Medium
8/6/2021Royal Bank of CanadaBoost TargetSector Perform$64.00 ➝ $74.00Medium
7/26/2021Rosenblatt SecuritiesInitiated CoverageBuy$79.00Low
5/30/2021GuggenheimReiterated RatingHoldLow
5/14/2021The Goldman Sachs GroupInitiated CoverageBuy$68.00Low
5/7/2021William BlairUpgradeMarket Perform ➝ OutperformHigh
3/1/2021The Goldman Sachs GroupUpgradeSell ➝ Neutral$42.00 ➝ $65.00Low
2/19/2021Royal Bank of CanadaBoost TargetSector Perform$49.00 ➝ $58.00High
12/9/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$50.00 ➝ $65.00Medium
12/8/2020BenchmarkUpgradeBuy$53.00 ➝ $60.00Low
11/9/2020Royal Bank of CanadaBoost TargetSector Perform$42.00 ➝ $49.00High
10/14/2020BenchmarkUpgradeHold ➝ Buy$53.00Low
9/10/2020Royal Bank of CanadaReiterated RatingHoldHigh
9/10/2020GuggenheimUpgradeSell ➝ NeutralHigh
8/7/2020Needham & Company LLCReiterated RatingBuy$45.00Low
8/7/2020JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$40.00 ➝ $46.00Medium
6/5/2020BenchmarkInitiated CoverageHoldMedium
5/8/2020Needham & Company LLCReiterated RatingBuy$38.00Low
3/20/2020The Goldman Sachs GroupDowngradeNeutral ➝ Sell$35.00 ➝ $28.00High
2/28/2020Needham & Company LLCLower TargetBuy$44.00 ➝ $38.00High
1/23/2020GuggenheimDowngradeNeutral ➝ Sell$32.00High
1/17/2020Needham & Company LLCBoost TargetBuy$38.00 ➝ $44.00Medium
11/12/2019The Goldman Sachs GroupInitiated CoverageNeutral$34.00Low
11/8/2019William BlairDowngradeOutperform ➝ Market PerformN/A
11/8/2019JPMorgan Chase & Co.Lower TargetUnderweight$34.00 ➝ $30.00High
11/8/2019Needham & Company LLCReiterated RatingBuy$38.00High
10/14/2019Needham & Company LLCReiterated RatingBuy$40.00Low
9/11/2019JPMorgan Chase & Co.Reiterated RatingNeutral ➝ UnderweightHigh
8/12/2019Needham & Company LLCReiterated RatingBuy ➝ Buy$42.00 ➝ $40.00High
8/9/2019Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$36.00High
3/19/2019GuggenheimInitiated CoverageNeutral ➝ Neutral$37.70Low
3/14/2019Needham & Company LLCBoost TargetBuy$40.00 ➝ $42.00Low
3/1/2019Needham & Company LLCReiterated RatingBuy ➝ Buy$40.00Medium
8/23/2018William BlairReiterated RatingOutperformLow
8/10/2018Royal Bank of CanadaBoost TargetSector Perform ➝ Sector Perform$38.00 ➝ $40.00Low
8/10/2018Needham & Company LLCBoost TargetBuy$36.00 ➝ $40.00Medium
8/10/2018JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$34.00 ➝ $40.00Medium
6/15/2018Berenberg BankBoost TargetBuy$43.00Low
6/11/2018Royal Bank of CanadaBoost TargetSector Perform$38.00Low
5/17/2018Berenberg BankReiterated RatingBuy$36.00Medium
3/26/2018Needham & Company LLCInitiated CoverageBuy$36.00Medium
(Data available from 3/26/2018 forward)

News Sentiment Rating

0.79 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 6 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/28/2022
  • 3 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/27/2022
  • 6 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/27/2022
  • 4 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/26/2022
  • 5 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/26/2022
  • 5 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/25/2023
  • 14 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
2/24/2023
  • 10 very positive mentions
  • 10 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2023

Current Sentiment

  • 10 very positive mentions
  • 10 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Altair Engineering logo
Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products, as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James Ralph Scapa in 1985 and is headquartered in Troy, MI.
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Today's Range

Now: $68.86
Low: $67.93
High: $69.10

50 Day Range

MA: $59.70
Low: $49.78
High: $69.73

52 Week Range

Now: $68.86
Low: $43.17
High: $70.54

Volume

392,688 shs

Average Volume

477,318 shs

Market Capitalization

$5.51 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.45

Frequently Asked Questions

What sell-side analysts currently cover shares of Altair Engineering?

The following sell-side analysts have issued reports on Altair Engineering in the last year: Loop Capital, Needham & Company LLC, Oppenheimer Holdings Inc., Rosenblatt Securities, The Goldman Sachs Group, Inc., TheStreet, and Wolfe Research.
View the latest analyst ratings for ALTR.

What is the current price target for Altair Engineering?

6 Wall Street analysts have set twelve-month price targets for Altair Engineering in the last year. Their average twelve-month price target is $64.33, suggesting a possible downside of 6.6%. Wolfe Research has the highest price target set, predicting ALTR will reach $70.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $44.00 for Altair Engineering in the next year.
View the latest price targets for ALTR.

What is the current consensus analyst rating for Altair Engineering?

Altair Engineering currently has 1 sell rating and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe ALTR will outperform the market and that investors should add to their positions of Altair Engineering.
View the latest ratings for ALTR.

What other companies compete with Altair Engineering?

Other companies that are similar to Altair Engineering include Acuity Brands, Trex, ChampionX, Comfort Systems USA and Eagle Materials. Learn More about companies similar to Altair Engineering.

How do I contact Altair Engineering's investor relations team?

Altair Engineering's physical mailing address is 1820 EAST BIG BEAVER ROAD, TROY MI, 48083. The software's listed phone number is (248) 614-2400 and its investor relations email address is [email protected] The official website for Altair Engineering is www.altair.com. Learn More about contacing Altair Engineering investor relations.