Altair (ALTR) Tops Q2 EPS by 1c, provides guidance

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Go back to Altair (ALTR) Tops Q2 EPS by 1c, provides guidance

Goldman Sachs Downgrades Altair Engineering (ALTR) to Sell

August 2, 2024 8:44 AM EDT

Goldman Sachs analyst Kash Rangan downgraded Altair Engineering (NASDAQ: ALTR) from Neutral to Sell with a price target of $71.00 (from $85.00).

The analyst comments "Following Altairs F2Q24 print, we change our rating to Sell (from Neutral), and reduce our Price Target to $71 (from $85) - with our new price target implying 17% downside, versus ~24% upside for the rest of our coverage. Altair delivered an in-line quarter, highlighted by Software Product... More