RBC Capital analyst Matthew Hedberg raised the firm’s price target on Bentley Systems to $47 from $44 and keeps an Outperform rating on the shares. The company’s Q4 results were "solid" as demand remained "resilient", the analyst tells investors in a research note. The firm is also positive on Bentley’s focus on profitability and likes the company’s long-term opportunity around digitalization of infrastructure engineering.
Published first on TheFly
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