$80.77
0.21[0.26%]
At close: Apr 18
$80.77
0[0.00%]
After Hours: 4:00PM EDT
Altair Engineering
(NASDAQ:ALTR)Altair Engineering Stock (NASDAQ:ALTR), Analyst Ratings, Price Targets, Predictions
Altair Engineering Inc has a consensus price target of $77.1, established from looking at the 32 latest analyst ratings. The last 3 analyst ratings were released from JP Morgan, Needham, and RBC Capital on March 26, 2024, March 25, 2024, and March 21, 2024. With an average price target of $95 between JP Morgan, Needham, and RBC Capital, there's an implied 17.62% upside for Altair Engineering Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
Needham
RBC Capital
Oppenheimer
Rosenblatt
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Altair Engineering
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/26/2024 | ALTR | Buy Now | Altair Engineering | $80.77 | 17.62% | JP Morgan | Stephen Tusa | $86 → $95 | Maintains | Overweight | Get Alert |
| 03/25/2024 | ALTR | Buy Now | Altair Engineering | $80.77 | 23.81% | Needham | Charles Shi | → $100 | Reiterates | Buy → Buy | Get Alert |
| 03/21/2024 | ALTR | Buy Now | Altair Engineering | $80.77 | 11.43% | RBC Capital | Matthew Hedberg | → $90 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 02/23/2024 | ALTR | Buy Now | Altair Engineering | $80.77 | 11.43% | RBC Capital | Matthew Hedberg | → $90 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 02/23/2024 | ALTR | Buy Now | Altair Engineering | $80.77 | 23.81% | Oppenheimer | Ken Wong | $95 → $100 | Maintains | Outperform | Get Alert |
| 02/23/2024 | ALTR | Buy Now | Altair Engineering | $80.77 | 8.95% | Rosenblatt | Blair Abernethy | $74 → $88 | Downgrade | Buy → Neutral | Get Alert |
| 12/22/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | 6.48% | JP Morgan | Stephen Tusa | → $86 | Initiates | → Overweight | Get Alert |
| 08/29/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -8.38% | Rosenblatt | Blair Abernethy | → $74 | Reiterates | Buy → Buy | Get Alert |
| 08/04/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -4.67% | Needham | Charles Shi | → $77 | Reiterates | → Buy | Get Alert |
| 08/04/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -8.38% | RBC Capital | Matthew Hedberg | $71 → $74 | Maintains | Sector Perform | Get Alert |
| 08/04/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -8.38% | Rosenblatt | Blair Abernethy | $70 → $74 | Maintains | Buy | Get Alert |
| 05/08/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -4.67% | Needham | Charles Shi | $70 → $77 | Maintains | Buy | Get Alert |
| 05/05/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -12.1% | RBC Capital | Matthew Hedberg | $65 → $71 | Maintains | Sector Perform | Get Alert |
| 05/05/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -17.05% | Goldman Sachs | Kash Rangan | $44 → $67 | Upgrade | Sell → Neutral | Get Alert |
| 04/18/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | 0.28% | Loop Capital | Mark Schappel | $70 → $81 | Maintains | Buy | Get Alert |
| 02/27/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -45.52% | Goldman Sachs | Kash Rangan | $39 → $44 | Maintains | Sell | Get Alert |
| 02/27/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -17.05% | Rosenblatt | Blair Abernethy | $63 → $67 | Maintains | Buy | Get Alert |
| 02/24/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -19.52% | Oppenheimer | Ken Wong | $60 → $65 | Maintains | Outperform | Get Alert |
| 02/24/2023 | ALTR | Buy Now | Altair Engineering | $80.77 | -17.05% | Rosenblatt | Blair Abernethy | $63 → $67 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Altair Engineering (ALTR)?
The latest price target for Altair Engineering (NASDAQ: ALTR) was reported by JP Morgan on March 26, 2024. The analyst firm set a price target for $95.00 expecting ALTR to rise to within 12 months (a possible 17.62% upside). 14 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Altair Engineering (ALTR)?
The latest analyst rating for Altair Engineering (NASDAQ: ALTR) was provided by JP Morgan, and Altair Engineering maintained their overweight rating.
When was the last upgrade for Altair Engineering (ALTR)?
The last upgrade for Altair Engineering Inc happened on May 5, 2023 when Goldman Sachs raised their price target to $67. Goldman Sachs previously had a sell for Altair Engineering Inc.
When was the last downgrade for Altair Engineering (ALTR)?
The last downgrade for Altair Engineering Inc happened on February 23, 2024 when Rosenblatt changed their price target from $74 to $88 for Altair Engineering Inc.
When is the next analyst rating going to be posted or updated for Altair Engineering (ALTR)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Altair Engineering, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Altair Engineering was filed on March 26, 2024 so you should expect the next rating to be made available sometime around March 26, 2025.
Is the Analyst Rating Altair Engineering (ALTR) correct?
While ratings are subjective and will change, the latest Altair Engineering (ALTR) rating was a maintained with a price target of $86.00 to $95.00. The current price Altair Engineering (ALTR) is trading at is $80.77, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.