Altair Engineering - ALTR Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $88.71
  • Forecasted Upside: 8.06%
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$82.10
▼ -1.57 (-1.88%)

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 $88.71
▲ +8.06% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Altair Engineering in the last 3 months. The average price target is $88.71, with a high forecast of $100.00 and a low forecast of $67.00. The average price target represents a 8.06% upside from the last price of $82.10.

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 Moderate Buy

The current consensus among 7 polled investment analysts is to moderate buy stock in Altair Engineering. This Moderate Buy consensus rating has held steady for over two years.

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
  • 3 hold ratings
  • 0 sell ratings
10/20/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
1/18/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
4/18/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
7/17/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
10/15/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
1/13/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
3/13/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
4/12/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/26/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$86.00 ➝ $95.00Low
3/25/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$100.00Low
3/21/2024Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$90.00Low
2/23/2024Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$90.00Low
2/23/2024OppenheimerBoost TargetOutperform ➝ Outperform$95.00 ➝ $100.00Low
2/23/2024Rosenblatt SecuritiesReiterated RatingBuy ➝ Neutral$74.00 ➝ $88.00Low
12/22/2023JPMorgan Chase & Co.Initiated CoverageOverweight$86.00Low
8/29/2023Rosenblatt SecuritiesReiterated RatingBuy ➝ Buy$74.00Low
8/4/2023Needham & Company LLCReiterated RatingBuy$77.00Low
8/4/2023Royal Bank of CanadaBoost TargetSector Perform ➝ Sector Perform$71.00 ➝ $74.00Low
8/4/2023Rosenblatt SecuritiesBoost TargetBuy ➝ Buy$70.00 ➝ $74.00Low
5/8/2023Needham & Company LLCBoost Target$70.00 ➝ $77.00Low
5/5/202351jobReiterated RatingMaintainsLow
5/5/2023The Goldman Sachs GroupUpgradeSell ➝ Neutral$44.00 ➝ $67.00Low
4/18/2023Loop CapitalBoost TargetBuy$70.00 ➝ $81.00Low
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
(Data available from 4/12/2019 forward)

News Sentiment Rating

1.13 (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
  • 15 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
9/15/2023
  • 10 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/15/2023
  • 6 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
11/14/2023
  • 11 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/14/2023
  • 7 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
1/13/2024
  • 8 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/12/2024
  • 20 very positive mentions
  • 21 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
3/13/2024
  • 22 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
4/12/2024

Current Sentiment

  • 22 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Altair Engineering logo
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It 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 automotive, 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 tubes with LED lighting. 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.
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Today's Range

Now: $82.10
Low: $81.66
High: $82.89

50 Day Range

MA: $85.32
Low: $79.03
High: $92.26

52 Week Range

Now: $82.10
Low: $57.59
High: $92.92

Volume

264,990 shs

Average Volume

416,773 shs

Market Capitalization

$6.77 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.42

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: 51job, Inc., JPMorgan Chase & Co., Loop Capital, Needham & Company LLC, Oppenheimer Holdings Inc., Rosenblatt Securities, Royal Bank of Canada, and The Goldman Sachs Group, Inc..
View the latest analyst ratings for ALTR.

What is the current price target for Altair Engineering?

7 Wall Street analysts have set twelve-month price targets for Altair Engineering in the last year. Their average twelve-month price target is $88.71, suggesting a possible upside of 8.1%. Oppenheimer Holdings Inc. has the highest price target set, predicting ALTR will reach $100.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $67.00 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 3 hold ratings and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for ALTR.

What other companies compete with Altair Engineering?

Other companies that are similar to Altair Engineering include Fluor, Installed Building Products, AAON, AZEK and UFP Industries. 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.