Altair Engineering Inc. (ALTR)
NASDAQ: ALTR · Real-Time Price · USD
105.47
-0.36 (-0.34%)
Dec 3, 2024, 12:22 PM EST - Market open
Altair Engineering Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Altair Engineering stock have an average target of 100.71, with a low estimate of 71 and a high estimate of 113. The average target predicts a decrease of -4.51% from the current stock price of 105.47.
Analyst Consensus: Hold
* Price targets were last updated on Oct 31, 2024.
Analyst Ratings
The average analyst rating for ALTR 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 0 | 0 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 6 | 5 | 6 | 6 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Maintains $90 → $113 | Hold | Maintains | $90 → $113 | +7.14% | Oct 31, 2024 |
| Needham | Needham | Strong Buy → Hold Downgrades $100 | Strong Buy → Hold | Downgrades | $100 | -5.19% | Oct 31, 2024 |
| Rosenblatt | Rosenblatt | Hold Maintains $88 → $113 | Hold | Maintains | $88 → $113 | +7.14% | Oct 31, 2024 |
| William Blair | William Blair | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 31, 2024 |
| Loop Capital | Loop Capital | Strong Buy → Hold Downgrades $113 | Strong Buy → Hold | Downgrades | $113 | +7.14% | Oct 31, 2024 |
Financial Forecast
Revenue This Year
667.87M
from 612.70M
Increased by 9.00%
Revenue Next Year
726.72M
from 667.87M
Increased by 8.81%
EPS This Year
1.33
from -0.11
EPS Next Year
1.45
from 1.33
Increased by 9.18%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 691.9M | 760.2M | 867.3M |
| Avg | 667.9M | 726.7M | 795.0M |
| Low | 631.3M | 683.4M | 738.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.9% | 13.8% | 19.3% |
| Avg | 9.0% | 8.8% | 9.4% |
| Low | 3.0% | 2.3% | 1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.46 | 1.86 | 2.11 |
| Avg | 1.33 | 1.45 | 1.70 |
| Low | 1.21 | 1.18 | 1.43 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 39.7% | 45.3% |
| Avg | - | 9.2% | 16.9% |
| Low | - | -11.6% | -1.5% |
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.