Altair Engineering Inc. (ALTR)
NASDAQ: ALTR · IEX Real-Time Price · USD
81.41
+0.96 (1.19%)
May 1, 2024, 4:00 PM EDT - 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 90, with a low estimate of 67 and a high estimate of 100. The average target predicts an increase of 10.55% from the current stock price of 81.41.
Analyst Consensus: Buy
* Price targets were last updated on Mar 26, 2024.
Analyst Ratings
The average analyst rating for ALTR stock from 6 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 1 |
| Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 7 | 7 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $86 → $95 | Buy | Maintains | $86 → $95 | +16.69% | Mar 26, 2024 |
| Needham | Needham | Strong Buy Reiterates $100 | Strong Buy | Reiterates | $100 | +22.84% | Mar 25, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $90 | Hold | Reiterates | $90 | +10.55% | Mar 21, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $90 | Hold | Reiterates | $90 | +10.55% | Feb 23, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $95 → $100 | Buy | Maintains | $95 → $100 | +22.84% | Feb 23, 2024 |
Financial Forecast
Revenue This Year
680.54M
from 612.70M
Increased by 11.07%
Revenue Next Year
740.95M
from 680.54M
Increased by 8.88%
EPS This Year
1.29
from -0.11
EPS Next Year
1.45
from 1.29
Increased by 12.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 706.0M | 776.0M | 867.3M | 966.0M |
| Avg | 680.5M | 741.0M | 823.5M | 938.4M |
| Low | 643.8M | 700.1M | 773.4M | 901.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 15.2% | 14.0% | 17.1% | 17.3% |
| Avg | 11.1% | 8.9% | 11.1% | 13.9% |
| Low | 5.1% | 2.9% | 4.4% | 9.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.42 | 1.62 | 1.69 |
| Avg | 1.29 | 1.45 | 1.64 |
| Low | 1.13 | 1.30 | 1.58 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 25.3% | 16.4% |
| Avg | - | 12.3% | 13.0% |
| Low | - | 0.7% | 8.6% |
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.