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.
Published first on TheFly
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