Altair Engineering downgraded by Goldman with a new price target
$ALTR
Computer Software: Prepackaged Software
Technology
Goldman downgraded Altair Engineering from Neutral to Sell and set a new price target of $71.00 from $85.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $85.00 → $71.00 | Neutral → Sell | Goldman |
| 7/15/2024 | $95.00 | Overweight → Neutral | JP Morgan |
| 2/23/2024 | $74.00 → $88.00 | Buy → Neutral | Rosenblatt |
| 12/22/2023 | $86.00 | Overweight | JP Morgan |
| 5/5/2023 | $44.00 → $67.00 | Sell → Neutral | Goldman |
| 11/16/2022 | $60.00 | Buy | Needham |
| 8/17/2022 | $70.00 | Outperform | Wolfe Research |
| 7/27/2022 | $60.00 | Outperform | Oppenheimer |
Goldman downgraded Altair Engineering from Neutral to Sell and set a new price target of $71.00 from $85.00 previously
JP Morgan downgraded Altair Engineering from Overweight to Neutral and set a new price target of $95.00
Rosenblatt downgraded Altair Engineering from Buy to Neutral and set a new price target of $88.00 from $74.00 previously
SC 13G - Altair Engineering Inc. (0001701732) (Subject)
SC 13G/A - Altair Engineering Inc. (0001701732) (Subject)
SC 13G/A - Altair Engineering Inc. (0001701732) (Subject)
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
TROY, Mich., Nov. 2, 2022 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence (AI), announced that Ravi Kunju has been named Altair's chief product and strategy officer. In this role, Kunju will be responsible for the strategy and vision of Altair products, which includes facilitating the development, sales, pricing, and marketing of Altair's solutions for industry verticals and business lines. "For nearly 25 years, Ravi has been an indispensable member in so many areas of our organization, and I am certain that he will co
TROY, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Software revenue was $179.4 million compared to $155.9 million for the fourth quarter of 2023, an increase of 15.0% in reported currency and 16.5% in constant currencyTotal revenue was $192.6 million compared to $171.5 million for the fourth quarter of 2023, an increase of 12.3% in reported currency and 13.8% in constant currencyNet income was $1.0 million compared to $19.7 million for the fourth quarter of 2023, a decrease in earn
New capabilities and enhancements make a zero-prototype world possible TROY, Mich., Feb. 19, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, is thrilled to announce the release of Altair® HyperWorks® 2025, a best-in-class design and simulation platform for solving the world's most complex engineering challenges. At the forefront of this release is a bold vision of the future of product development: a zero-prototype world, where design is perfected in the virtual domain before reaching the physical world. By combining the power of artificial intelligence (AI), high-performance computing (HPC), and multiphysics simulation with cloud-based scalability
CoE to provide leading 5G-6G capabilities for clients in telecommunications, smart factories, connected vehicles, and healthcare TROY, Mich., Feb. 13, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, and L&T Technology Services (BSE: 540115, NSE: LTTS), a global leader in digital engineering and R&D services, announced the launch of a groundbreaking 5G-6G Wireless Center of Excellence (CoE). The CoE will combine Altair's best-in-class design and simulation tools with LTTS's domain expertise to harness the potential of 5G and 6G networks
4 - Altair Engineering Inc. (0001701732) (Issuer)
4 - Altair Engineering Inc. (0001701732) (Issuer)
4 - Altair Engineering Inc. (0001701732) (Issuer)
10-K - Altair Engineering Inc. (0001701732) (Filer)
8-K - Altair Engineering Inc. (0001701732) (Filer)
8-K - Altair Engineering Inc. (0001701732) (Filer)
TROY, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Software revenue was $179.4 million compared to $155.9 million for the fourth quarter of 2023, an increase of 15.0% in reported currency and 16.5% in constant currencyTotal revenue was $192.6 million compared to $171.5 million for the fourth quarter of 2023, an increase of 12.3% in reported currency and 13.8% in constant currencyNet income was $1.0 million compared to $19.7 million for the fourth quarter of 2023, a decrease in earn
TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), today released its financial results for the third quarter and nine months ended September 30, 2024. Immediately prior to the dissemination of this press release, Altair issued a press release announcing that it has entered into a merger agreement with a subsidiary of Siemens pursuant to which Altair will be acquired and stockholders of Altair will receive cash merger consideration as more fully described in that press release. Third Quarter 2024 Financial Results Software revenue was $138.7 million compared to $119.1 million for the third quarter of 2023, an increase of 16.5% in reported currency an
TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today announced that it has entered into a definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion. The $113.00 per share cash consideration represents a 19% premium to the closing price of Altair common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to Altair's unaffected all-time high closing