Altair Engineering price target raised to $100 from $95 at Oppenheimer

Oppenheimer raised the firm’s price target on Altair Engineering to $100 from $95 and keeps an Outperform rating on the shares. Altair’s Q4 results were largely in line with consensus expectations, though revenue was a bit light and EBITDA margins were roughly 350 basis points higher, the analyst tells investors in a research note. The firm continues to view Altair as one of the more attractive margin-expansion story in its coverage.