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NASDAQ: ALTR
Altair Engineering Inc Stock Forecast, Predictions & Price Target

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Analyst price target for ALTR

Based on 5 analysts offering 12 month price targets for Altair Engineering Inc.
Min Forecast
$41.00-16.45%
Avg Forecast
$58.80+19.83%
Max Forecast
$70.00+42.65%

Should I buy or sell ALTR stock?

Based on 5 analysts offering ratings for Altair Engineering Inc.
Buy
Strong Buy
1 analysts 20%
Buy
3 analysts 60%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
1 analysts 20%

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ALTR stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Needham
Bottom 14%
14
BuyInitiates Coverage On$60.00+22.27%2022-11-16
Rosenblatt
Bottom 4%
4
Strong BuyMaintains$63.00+28.39%2022-10-24
Wolfe Research
Bottom 26%
26
BuyInitiates Coverage On$70.00+42.65%2022-08-17
Oppenheimer
Bottom 4%
4
BuyInitiates Coverage On$60.00+22.27%2022-07-27
Goldman Sachs
Top 35%
66
Strong SellDowngrades$41.00-16.45%2022-06-27
Anonymous
Goldman Sachs
HoldMaintains$67.00+36.54%2022-03-07

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Forecast return on equity

Is ALTR forecast to generate an efficient return?
Company
-2.69%
Industry
43.8%
Market
51.79%
ALTR's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ALTR forecast to generate an efficient return on assets?
Company
-1.28%
Industry
17.44%
ALTR is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ALTR earnings per share forecast

What is ALTR's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
-$0.03
Avg 2 year Forecast
-$0.01
Avg 3 year Forecast
-$0.18

ALTR revenue forecast

What is ALTR's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$560.9M+1.51%
Avg 2 year Forecast
$605.1M+9.5%
Avg 3 year Forecast
$639.1M+15.66%
ALTR's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ALTR revenue growth forecast

How is ALTR forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
4.37%
Industry
10.17%
Market
6.46%
ALTR's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ALTR's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ALTR vs Software Infrastructure Stocks

TickerPricePrice TargetUp/downsideConsensus
ALTR$49.07$58.80+19.83%Buy
BOX$27.45$33.11+20.62%Strong Buy
NEWR$56.27$70.89+25.98%Buy
FOUR$46.34$62.00+33.79%Buy
BL$67.69$77.00+13.75%Hold

Altair Engineering Stock Forecast FAQ

Is Altair Engineering Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NASDAQ: ALTR) stock is to Buy ALTR stock.

Out of 5 analysts, 1 (20%) are recommending ALTR as a Strong Buy, 3 (60%) are recommending ALTR as a Buy, 0 (0%) are recommending ALTR as a Hold, 0 (0%) are recommending ALTR as a Sell, and 1 (20%) are recommending ALTR as a Strong Sell.

If you're new to stock investing, here's how to buy Altair Engineering stock.

What is ALTR's earnings growth forecast for 2022-2024?

(NASDAQ: ALTR) Altair Engineering's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 11.17%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.59%.

Altair Engineering's earnings in 2022 is -$56,891,000.On average, 3 Wall Street analysts forecast ALTR's earnings for 2022 to be -$2,404,273, with the lowest ALTR earnings forecast at -$4,007,121, and the highest ALTR earnings forecast at -$1,602,848. On average, 3 Wall Street analysts forecast ALTR's earnings for 2023 to be -$801,424, with the lowest ALTR earnings forecast at -$16,028,484, and the highest ALTR earnings forecast at $17,631,332.

In 2024, ALTR is forecast to generate -$14,425,635 in earnings, with the lowest earnings forecast at -$14,425,635 and the highest earnings forecast at -$14,425,635.

What is ALTR's revenue growth forecast for 2022-2024?

(NASDAQ: ALTR) Altair Engineering's forecast annual revenue growth rate of 4.37% is not forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 10.17%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.46%.

Altair Engineering's revenue in 2022 is $552,585,000.On average, 3 Wall Street analysts forecast ALTR's revenue for 2022 to be $44,955,087,953, with the lowest ALTR revenue forecast at $44,831,668,629, and the highest ALTR revenue forecast at $45,073,698,732. On average, 3 Wall Street analysts forecast ALTR's revenue for 2023 to be $48,491,452,290, with the lowest ALTR revenue forecast at $46,402,460,022, and the highest ALTR revenue forecast at $49,784,470,062.

In 2024, ALTR is forecast to generate $51,220,221,480 in revenue, with the lowest revenue forecast at $46,025,790,657 and the highest revenue forecast at $56,414,652,303.

What is ALTR's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: ALTR) forecast ROA is -1.28%, which is lower than the forecast US Software - Infrastructure industry average of 17.44%.

What is ALTR's Price Target?

According to 5 Wall Street analysts that have issued a 1 year ALTR price target, the average ALTR price target is $58.80, with the highest ALTR stock price forecast at $70.00 and the lowest ALTR stock price forecast at $41.00.

On average, Wall Street analysts predict that Altair Engineering's share price could reach $58.80 by Nov 16, 2023. The average Altair Engineering stock price prediction forecasts a potential upside of 19.83% from the current ALTR share price of $49.07.

What is ALTR's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: ALTR) Altair Engineering's current Earnings Per Share (EPS) is -$0.72. On average, analysts forecast that ALTR's EPS will be -$0.03 for 2022, with the lowest EPS forecast at -$0.05, and the highest EPS forecast at -$0.02. On average, analysts forecast that ALTR's EPS will be -$0.01 for 2023, with the lowest EPS forecast at -$0.20, and the highest EPS forecast at $0.22. In 2024, ALTR's EPS is forecast to hit -$0.18 (min: -$0.18, max: -$0.18).

What is ALTR's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: ALTR) forecast ROE is -2.69%, which is considered weak.
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