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

Analyst price target for ALTR

Based on 5 analysts offering 12 month price targets for Altair Engineering Inc.
Min Forecast
$88.00-2.76%
Avg Forecast
$94.60+4.53%
Max Forecast
$100.00+10.5%

Should I buy or sell ALTR stock?

Based on 5 analysts offering ratings for Altair Engineering Inc.
Buy
Strong Buy
1 analysts 20%
Buy
2 analysts 40%
Hold
2 analysts 40%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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ALTR stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-03
lockedlocked$00.00+00.00%2024-05-03
lockedlocked$00.00+00.00%2024-03-26
lockedlocked$00.00+00.00%2024-03-21
lockedlocked$00.00+00.00%2024-02-23

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Forecast return on equity

Is ALTR forecast to generate an efficient return?
Company
N/A
Industry
44.83%
Market
24.1%

Forecast return on assets

Is ALTR forecast to generate an efficient return on assets?
Company
N/A
Industry
14.3%

ALTR revenue forecast

What is ALTR's revenue in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$655.4M+5.78%
Avg 2 year Forecast
$716.4M+15.63%
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
5.78%
Industry
4.48%
Market
14.1%
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$90.50$94.60+4.53%Buy
WIX$135.68$155.90+14.90%Strong Buy
SPSC$196.09$206.25+5.18%Strong Buy
DBX$23.73$30.33+27.83%Hold
S$21.89$29.59+35.17%Buy

Altair Engineering Stock Forecast FAQ

Is Altair Engineering Stock a good buy in 2024, 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, 2 (40%) are recommending ALTR as a Buy, 2 (40%) are recommending ALTR as a Hold, 0 (0%) are recommending ALTR as a Sell, and 0 (0%) 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 revenue growth forecast for 2024-2025?

(NASDAQ: ALTR) Altair Engineering's forecast annual revenue growth rate of 5.78% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 4.48%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 14.1%.

Altair Engineering's revenue in 2024 is $619,579,000.On average, 4 Wall Street analysts forecast ALTR's revenue for 2024 to be $54,416,996,360, with the lowest ALTR revenue forecast at $53,680,743,990, and the highest ALTR revenue forecast at $54,936,200,833.

In 2025, ALTR is forecast to generate $59,487,397,956 in revenue, with the lowest revenue forecast at $58,961,633,886 and the highest revenue forecast at $60,839,006,851.

What is ALTR's forecast return on assets (ROA) for 2024-2025?

(NASDAQ: ALTR) forecast ROA is N/A, which is lower than the forecast US Software - Infrastructure industry average of 14.3%.

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 $94.60, with the highest ALTR stock price forecast at $100.00 and the lowest ALTR stock price forecast at $88.00.

On average, Wall Street analysts predict that Altair Engineering's share price could reach $94.60 by May 3, 2025. The average Altair Engineering stock price prediction forecasts a potential upside of 4.53% from the current ALTR share price of $90.50.

What is ALTR's forecast return on equity (ROE) for 2024-2025?

(NASDAQ: ALTR) forecast ROE is N/A, which is considered weak.
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