Ansys price target raised to $310 from $230 at Loop Capital

Loop Capital raised the firm’s price target on Ansys to $310 from $230 but keeps a Hold rating on the shares. The company’s Q4 results were "exceptionably strong" and it supports Loop’s view that fundamentals in the engineering simulation software space remain "quite good", the analyst tells investors in a research note. The firm adds that it prefers to wait for a pullback to turn more constructive as the stock trades at enterprise value multiple that is 10.5-times expected 2024 revenue.