Bentley Systems Announces Integration of EC3 with the Bentley iTwin Platform for Infrastructure Carbon Calculation

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Goldman Sachs Upgrades Bentley Systems Inc. (BSY) to Buy

November 9, 2022 6:43 PM EST

Goldman Sachs analyst Kash Rangan upgraded Bentley Systems Inc. (NASDAQ: BSY) from Neutral to Buy with a price target of $44.00 (from $38.00).

The analyst comments "We are upgrading Bentley Systems from Neutral to Buy with a revised Price Target of $44, vs. $38 prior, as we get more constructive on its ability to navigate, if not outperform, through a more turbulent economic environment due to: 1) Strong YTD (1Q-3Q) results, posting +15% CC revenue growth (3Q),... More