Altair to Acquire RapidMiner, Continuing Expansion of Broad Data Analytics Portfolio

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Go back to Altair to Acquire RapidMiner, Continuing Expansion of Broad Data Analytics Portfolio

Rosenblatt Reiterates Buy Rating on Altair Engineering (ALTR) Following RapidMiner Deal

September 14, 2022 6:53 AM EDT

Rosenblatt analyst Blair Abernethy reiterated a Buy rating and $70.00 price target on Altair Engineering (NASDAQ: ALTR) after the company announced an agreement to acquire RapidMiner.

The analyst commented, "Tuesday, after market close, Altair announced an agreement to acquire RapidMiner, a leading provider of data analytics and machine learning software platform, used by over 1m people at... More