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Altair Engineering (ALTR) Stock Forecast & Price Target

$85.52
-4.34 (-4.83%)
(As of 04:00 PM ET)

Altair Engineering Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$84.14
-1.61% Downside
High Forecast$100.00
Average Forecast$84.14
Low Forecast$67.00
TypeCurrent Forecast
2/23/23 to 2/23/24
1 Month Ago
1/24/23 to 1/24/24
3 Months Ago
11/25/22 to 11/25/23
1 Year Ago
2/23/22 to 2/23/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$84.14$74.86$73.00$58.80
Predicted Upside-1.61% Downside12.79% Upside12.35% Upside12.63% Upside
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ALTR Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ALTR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Altair Engineering Stock vs. The Competition

TypeAltair EngineeringConstruction CompaniesS&P 500
Consensus Rating Score
2.57
2.54
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-8.91% Downside86.70% Upside7.77% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/23/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$90.00+6.57%
2/23/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$95.00 ➝ $100.00+11.28%
2/23/2024Rosenblatt Securities
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 DowngradeBuy ➝ Neutral$74.00 ➝ $88.00-2.07%
12/22/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOverweight$86.00+15.11%
8/4/2023Needham & Company LLC
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 Reiterated RatingBuy$77.00+21.13%
5/5/202351job
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 Reiterated RatingMaintains
5/5/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeSell ➝ Neutral$44.00 ➝ $67.00+0.16%
4/18/2023Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$70.00 ➝ $81.00+14.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:13 PM ET.












ALTR Price Target - Frequently Asked Questions

What is Altair Engineering's consensus rating and price target?

According to the issued ratings of 7 analysts in the last year, the consensus rating for Altair Engineering stock is Moderate Buy based on the current 3 hold ratings and 4 buy ratings for ALTR. The average twelve-month price prediction for Altair Engineering is $84.14 with a high price target of $100.00 and a low price target of $67.00. Learn more on ALTR's analyst rating history.

Do Wall Street analysts like Altair Engineering more than its competitors?

Analysts like Altair Engineering more than other Construction companies. The consensus rating score for Altair Engineering is 2.57 while the average consensus rating score for construction companies is 2.54. Learn more on how ALTR compares to other companies.

Is Altair Engineering being downgraded by Wall Street analysts?

Over the previous 90 days, Altair Engineering's stock had 1 downgrade by analysts.

Does Altair Engineering's stock price have much upside?

According to analysts, Altair Engineering's stock has a predicted upside of 9.09% based on their 12-month stock forecasts.

What analysts cover Altair Engineering?

Altair Engineering has been rated by JPMorgan Chase & Co., Oppenheimer, Rosenblatt Securities, and Royal Bank of Canada in the past 90 days.


Stock Ratings Reports and Tools

This page (NASDAQ:ALTR) was last updated on 2/23/2024 by MarketBeat.com Staff