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.
Current Consensus is
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.
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.