Altair Engineering price target raised to $100 from $77 at Needham

Needham raised the firm’s price target on Altair Engineering to $100 from $77 and keeps a Buy rating on the shares. The company’s “solid” Q4 results saw consistend execution as it continues to expand its presence in aerospace/defense, electronics and technology verticals, the analyst tells investors in a research note. The firm is also raising its FY24 EPS view for Altair to $1.31 from $1.22 while setting its Fy25 view at $1.48.