Altair Engineering Inc. (ALTR)
NASDAQ: ALTR · IEX Real-Time Price · USD
89.73
-0.85 (-0.94%)
At close: Jul 19, 2024, 4:00 PM
91.00
+1.27 (1.42%)
Pre-market: Jul 22, 2024, 5:28 AM EDT
Altair Engineering Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Altair Engineering stock have an average target of 94.6, with a low estimate of 88 and a high estimate of 100. The average target predicts an increase of 5.43% from the current stock price of 89.73.
Analyst Consensus: Buy
* Price targets were last updated on May 3, 2024.
Analyst Ratings
The average analyst rating for ALTR stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 2 | 2 | 1 | 1 | 1 | 1 |
Buy | 2 | 2 | 2 | 2 | 2 | 2 |
Hold | 3 | 3 | 3 | 3 | 3 | 2 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 7 | 7 | 6 | 6 | 6 | 5 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Needham | Needham | Strong Buy Reiterates $100 | Strong Buy | Reiterates | $100 | +11.45% | May 3, 2024 |
Rosenblatt | Rosenblatt | Hold Maintains $88 | Hold | Maintains | $88 | -1.93% | May 3, 2024 |
Rosenblatt | Rosenblatt | Hold Maintains $88 | Hold | Maintains | $88 | -1.93% | Apr 29, 2024 |
JP Morgan | JP Morgan | Buy Maintains $86 → $95 | Buy | Maintains | $86 → $95 | +5.87% | Mar 26, 2024 |
Needham | Needham | Strong Buy Reiterates $100 | Strong Buy | Reiterates | $100 | +11.45% | Mar 25, 2024 |
Financial Forecast
Revenue This Year
669.48M
from 612.70M
Increased by 9.27%
Revenue Next Year
731.59M
from 669.48M
Increased by 9.28%
EPS This Year
1.27
from -0.11
EPS Next Year
1.42
from 1.27
Increased by 12.09%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 695.1M | 769.7M | 867.3M |
Avg | 669.5M | 731.6M | 811.5M |
Low | 633.6M | 695.9M | 759.1M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 13.4% | 15.0% | 18.6% |
Avg | 9.3% | 9.3% | 10.9% |
Low | 3.4% | 3.9% | 3.8% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 1.34 | 1.61 | 1.87 |
Avg | 1.27 | 1.42 | 1.57 |
Low | 1.14 | 1.15 | 1.11 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | - | 26.9% | 31.7% |
Avg | - | 12.1% | 10.4% |
Low | - | -9.4% | -21.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.