Oppenheimer raised the firm’s price target on Ansys to $330 from $275 and keeps an Outperform rating on the shares. The company reported a strong close to fiscal 2022, the analyst tells investors in a research note. The firm expects "some nitpicking" around the low double-digit cash flow growth, but says Ansys’s cash flow targets reflect management’s conservatism around deal and collections timing.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ANSS:
- Ansys spikes 12% after quarterly results, guidance higher than analyst estimates
- Early notable gainers among liquid option names on February 23rd
- Ansys sees FY23 non-GAAP EPS $8.34-$8.86, consensus $8.41
- Ansys sees Q1 non-GAAP EPS $1.53-$1.71, consensus $1.42
- Ansys reports Q4 adjusted EPS $3.09, consensus $2.80