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.
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Read More on ALTR:
- Altair Announces Fourth Quarter and Full Year 2023 Financial Results
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- Altair To Host Investor Day on Wednesday, March 20, 2024
- Altair Engineering price target raised to $95 from $75 at Oppenheimer