UPDATE: Rosenblatt Starts Altair Engineering (ALTR) at Buy

July 26, 2021 4:16 PM EDT
Get Alerts ALTR Hot Sheet
Price: $74.89 -0.83%

Rating Summary:
    7 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - July 26, 2021 4:17 PM EDT)

Rosenblatt analyst Blair Abernethy initiates coverage on Altair Engineering (NASDAQ: ALTR) with a Buy rating and a price target of $79.00.

The analyst comments "We are initiating coverage of Altair with a Buy rating and 12-month target price of $79. In our view, Altair is successfully expanding beyond its core engineering simulation business to deliver above-market revenue growth while pursuing an expanded Total Addressable Market (TAM). The Company is combining its unique business model, which lowers the barriers to cross-selling and product adoption, with the emerging convergence of simulation, cloud-based High Performance Computing (HPC) and analytics/AI/ML. At current stock price levels, we view Altair’s stock as attractively valued."

For an analyst ratings summary and ratings history on Altair Engineering click here. For more ratings news on Altair Engineering click here.

Shares of Altair Engineering closed at $68.05 yesterday.


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