Bentley Systems price target raised to $57 from $55 at Mizuho

Mizuho raised the firm’s price target on Bentley Systems to $57 from $55 and keeps a Buy rating on the shares. The company reported good Q3 results, with a noticeably positive tone of business and strong annual recurring revenue growth when adjusted for fewer days in the quarter and an increase in perpetual license buying, the analyst tells investors in a research note.