Altair Engineering price target raised to $95 from $75 at Oppenheimer

Oppenheimer raised the firm’s price target on Altair Engineering (ALTR) to $95 from $75 and keeps an Outperform rating on the shares. The firm notes sentiment has benefited from Ansys (ANSS) takeout headlines. Auto exposure concerns linger, but are offset by management’s confidence in the pipeline, Oppenheimer adds. Investors expect in-line Q4 revenue with EBITDA margin upside, and are looking for high-single-digit revenue growth and double-digit software growth.