William Blair starts Bentley Systems at Outperform on growth drivers
The Fly

William Blair starts Bentley Systems at Outperform on growth drivers

William Blair initiated coverage of Bentley Systems with an Outperform rating. The company has grown to over $1B in revenue, providing an end-to-end software platform that supports both project and asset lifecycles for critical infrastructure projects, the analyst tells investors in a research note. The firm believes Bentley’s total addressable market could potentially grow to more than $30B. It sees an attractive financial profile and believes the company has “several growth levers” to sustain this business momentum for the next several years.

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