Analysts adjust ratings for Altair Engineering as price targets rise to $104

Analysts' ratings for Altair Engineering (NASDAQ: ALTR) have shifted recently, with four analysts providing mixed evaluations. In the last 30 days, there were no bullish ratings, while three analysts rated the stock as somewhat bearish, compared to one indifferent rating a month ago. The average 12-month price target for Altair has increased to $104.00, up from $92.67, with estimates ranging from $90.00 to $113.00. Notable changes include a rating upgrade from neutral to hold by Rosenblatt, raising its price target from $88.00 to $113.00. Overall, analysts are adjusting their ratings based on market conditions and company performance. Altair Engineering continues to face challenges, including lower revenue growth and profitability compared to industry standards.