Altair Engineering Inc. (ALTR)
NASDAQ: ALTR · Real-Time Price · USD
111.78
0.00 (0.00%)
Feb 21, 2025, 4:00 PM EST - Market closed
Altair Engineering Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Altair Engineering stock have an average target of 100.83, with a low estimate of 71 and a high estimate of 113. The average target predicts a decrease of -9.80% from the current stock price of 111.78.
Analyst Consensus: Hold
* Price targets were last updated on Oct 31, 2024.
Analyst Ratings
The average analyst rating for Altair Engineering stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 6 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 6 | 8 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Feb 21, 2025 |
| RBC Capital | RBC Capital | Hold Maintains $90 → $113 | Hold | Maintains | $90 → $113 | +1.09% | Oct 31, 2024 |
| Needham | Needham | Strong Buy → Hold Downgrades $100 | Strong Buy → Hold | Downgrades | $100 | -10.54% | Oct 31, 2024 |
| Rosenblatt | Rosenblatt | Hold Maintains $88 → $113 | Hold | Maintains | $88 → $113 | +1.09% | Oct 31, 2024 |
| William Blair | William Blair | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 31, 2024 |
Financial Forecast
Revenue This Year
668.66M
from 612.70M
Increased by 9.13%
Revenue Next Year
726.72M
from 668.66M
Increased by 8.68%
EPS This Year
1.33
from -0.11
EPS Next Year
1.46
from 1.33
Increased by 10.26%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 693.0M | 760.2M | 839.0M | |
| Avg | 668.7M | 726.7M | 789.5M | |
| Low | 631.3M | 683.4M | 738.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 13.1% | 13.7% | 15.4% | |
| Avg | 9.1% | 8.7% | 8.6% | |
| Low | 3.0% | 2.2% | 1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.46 | 1.86 | 2.11 | |
| Avg | 1.33 | 1.46 | 1.73 | |
| Low | 1.21 | 1.18 | 1.43 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 40.1% | 44.2% | |
| Avg | - | 10.3% | 18.1% | |
| Low | - | -11.4% | -2.2% |
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.