RBC Capital raised the firm’s price target on Ansys to $292 from $248 and keeps a Sector Perform rating on the shares. The company’s Q4 results were "strong", highlighted by double-digit constant-currency ACV growth, the analyst tells investors in a research note. The firm adds that Ansys growth continues to be broad-based across geographies, industries, and customers, creating a "natural resilience" in the platform.
Published first on TheFly
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