Altair Announces Third Quarter 2021 Financial Results

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Altair Engineering (ALTR) PT Raised to $85 at Rosenblatt

November 5, 2021 7:02 AM EDT

Rosenblatt analyst Blair Abernethy raised the price target on Altair Engineering (NASDAQ: ALTR) to $85.00 (from $80.00) while maintaining a Buy rating.

The analyst commented, "Altair reported solid Q3 results (Thursday after market close) that came in above our revenue and margin expectations. The Company reported... More

Altair Engineering (ALTR) PT Raised to $78 at Goldman Sachs

November 5, 2021 6:15 AM EDT

Goldman Sachs analyst Kash Rangan raised the price target on Altair Engineering (NASDAQ: ALTR) to $78.00 (from $72.00) while maintaining a Neutral rating.

The analyst commented, "Altair is down 3% AH despite solid 3Q21 results, as 4Q software revenue guidance came in 6% below our/consensus estimates. However,... More

Altair (ALTR) Tops Q3 EPS by 10c

November 4, 2021 4:14 PM EDT

Altair (NASDAQ: ALTR) reported Q3 EPS of $0.11, $0.10 better than the analyst estimate of $0.01. Revenue for the quarter came in at $121.3 million versus the consensus estimate of $113.65 million.

GUIDANCE:

Altair sees FY2021 revenue of $515-518 million, versus the consensus of $517... More