Altair (ALTR) Tops Q1 EPS by 6c, provides guidance

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Go back to Altair (ALTR) Tops Q1 EPS by 6c, provides guidance

Goldman Sachs Comments on Altair Engineering (ALTR)

May 3, 2024 5:50 AM EDT

Goldman Sachs analyst Kash Rangan reiterated a Neutral rating and $885.00 price target on Altair Engineering (NASDAQ: ALTR)

The analyst comments "Following ALTRs F1Q24 print, we reiterate our Neutral rating and $85 price target. ALTRs results showed holistic outperformance, with Software (+3%), Total Revenue (+2%) and Free Cash Flow (+29%) all besting Consensus (FactSet) expectations. While F24 guidance was lowered on a reported revenue basis, we note that... More