Ansys price target raised to $300 from $275 at JPMorgan

JPMorgan analyst Stephen Tusa raised the firm’s price target on Ansys to $300 from $275 and keeps an Overweight rating on the shares. The company’s Q4 beat and a Q1 guidance that came in above expectations was one of the cleanest upside prints seen across most of the industrial software names in a choppy earnings season, the analyst tells investors in a research note. The firm thinks the potential for beats and raises in 2023 "is a differentiated catalyst" for Ansys.