Altair Engineering (ALTR) Stock Forecast, Price Target & Predictions
ALTR Stock Forecast
Altair Engineering stock forecast is as follows: an average price target of $106.50 (represents a 2.06% upside from ALTR’s last price of $104.35) and a rating consensus of 'Hold', based on 7 wall street analysts offering a 1-year stock forecast.
ALTR Price Target
The average price target for Altair Engineering (ALTR) is $106.50 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $113.00 to $100.00. This represents a potential 2.06% upside from ALTR's last price of $104.35.
ALTR Analyst Ratings
According to 7 Wall Street analysts, Altair Engineering's rating consensus is 'Hold'. The analyst rating breakdown for ALTR stock is 0 'Strong Buy' (0.00%), 2 'Buy' (28.57%), 5 'Hold' (71.43%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Altair Engineering Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Blair Abernethy | Rosenblatt Securities | $113.00 | $108.63 | 4.02% | 8.29% |
| Mar 21, 2024 | Ken Wong | Oppenheimer | $100.00 | $86.80 | 15.21% | -4.17% |
| Jul 21, 2022 | - | Rosenblatt Securities | $70.00 | $54.27 | 28.98% | -32.92% |
The latest Altair Engineering stock forecast, released on Oct 31, 2024 by Blair Abernethy from Rosenblatt Securities, set a price target of $113.00, which represents a 4.02% increase from the stock price at the time of the forecast ($108.63), and a 8.29% increase from ALTR last price ($104.35).
Altair Engineering Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $113.00 | $113.00 | $106.50 |
| Last Closing Price | $104.35 | $104.35 | $104.35 |
| Upside/Downside | 8.29% | 8.29% | 2.06% |
In the current month, the average price target of Altair Engineering stock is $113.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.29% increase as opposed to Altair Engineering's last price of $104.35. This month's average price target is down 0.00% compared to last quarter, and up 6.10% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Needham | Buy | Hold | Downgrade |
| Oct 31, 2024 | Loop Capital Markets | - | Hold | Downgrade |
| Oct 31, 2024 | William Blair | Buy | Market Perform | Downgrade |
| Oct 22, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jul 15, 2024 | Rosenblatt Securities | Underperform | Underperform | Hold |
| Jul 15, 2024 | William Blair | Buy | Buy | Hold |
| Apr 29, 2024 | Rosenblatt Securities | Underperform | Underperform | Hold |
| Apr 29, 2024 | William Blair | Sector Perform | Sector Perform | Hold |
| Mar 21, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Mar 21, 2024 | Oppenheimer | Underperform | Underperform | Hold |
Altair Engineering's last stock rating was published by Needham on Oct 31, 2024. The company Downgrade its ALTR rating from "Buy" to "Hold".
Altair Engineering Financial Forecast
Altair Engineering Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $134.00M | $141.16M | $166.03M | $160.43M | $119.35M | $132.66M | $159.78M | $140.80M | $121.31M | $119.91M | $150.16M | $133.44M | $106.46M | $98.56M | $131.46M | $123.88M | $100.41M |
| Avg Forecast | $217.38M | $177.87M | $177.25M | $202.24M | $202.04M | $162.25M | $160.25M | $187.43M | $182.81M | $146.60M | $146.88M | $169.29M | $172.71M | $127.28M | $139.06M | $156.88M | $146.26M | $117.89M | $130.03M | $153.97M | $127.65M | $113.79M | $112.24M | $139.44M | $116.43M | $98.79M | $94.13M | $129.00M | $109.63M | $105.38M |
| High Forecast | $221.28M | $181.05M | $180.43M | $205.86M | $205.66M | $165.15M | $163.12M | $190.28M | $187.96M | $146.64M | $146.88M | $169.29M | $173.53M | $128.03M | $141.55M | $159.69M | $148.88M | $117.89M | $130.03M | $153.97M | $127.65M | $113.79M | $112.24M | $139.44M | $116.43M | $98.79M | $94.13M | $129.00M | $109.63M | $105.38M |
| Low Forecast | $210.64M | $172.35M | $171.76M | $195.97M | $195.77M | $157.22M | $155.27M | $185.95M | $175.96M | $146.55M | $146.88M | $169.29M | $171.91M | $126.88M | $134.75M | $152.01M | $141.72M | $117.89M | $130.03M | $153.97M | $127.65M | $113.79M | $112.24M | $139.44M | $116.43M | $98.79M | $94.13M | $129.00M | $109.63M | $105.38M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 2 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.02% | 1.06% | 1.10% | 1.01% | 1.02% | 1.04% | 1.10% | 1.07% | 1.07% | 1.08% | 1.15% | 1.08% | 1.05% | 1.02% | 1.13% | 0.95% |
Altair Engineering's average Quarter revenue forecast for Dec 23 based on 4 analysts is $172.71M, with a low forecast of $171.91M, and a high forecast of $173.53M. ALTR's average Quarter revenue forecast represents a 28.89% increase compared to the company's last Quarter revenue of $134.00M (Sep 23).
Altair Engineering EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 2 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-7.97M | $-2.55M | $18.55M | $22.63M | $-15.02M | $1.32M | $28.24M | $12.04M | $4.13M | $-2.81M | $24.06M | $14.28M | $2.98M | $1.02M | $19.16M | $10.68M | $-4.55M |
| Avg Forecast | $14.90M | $12.19M | $12.15M | $13.86M | $13.85M | $11.12M | $10.99M | $12.85M | $12.53M | $10.05M | $10.07M | $23.36M | $11.84M | $8.73M | $9.53M | $21.24M | $12.22M | $7.79M | $8.59M | $19.31M | $8.43M | $7.52M | $7.41M | $13.86M | $7.69M | $6.53M | $6.22M | $16.42M | $7.24M | $6.96M |
| High Forecast | $15.17M | $12.41M | $12.37M | $14.11M | $14.10M | $11.32M | $11.18M | $13.04M | $12.89M | $10.05M | $10.07M | $28.04M | $11.90M | $8.78M | $9.70M | $25.49M | $14.66M | $7.79M | $8.59M | $23.17M | $8.43M | $7.52M | $7.41M | $16.64M | $7.69M | $6.53M | $6.22M | $19.70M | $7.24M | $6.96M |
| Low Forecast | $14.44M | $11.82M | $11.77M | $13.43M | $13.42M | $10.78M | $10.64M | $12.75M | $12.06M | $10.05M | $10.07M | $18.69M | $11.79M | $8.70M | $9.24M | $16.99M | $9.78M | $7.79M | $8.59M | $15.45M | $8.43M | $7.52M | $7.41M | $11.09M | $7.69M | $6.53M | $6.22M | $13.13M | $7.24M | $6.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.91% | -0.27% | 0.87% | 1.85% | -1.93% | 0.15% | 1.46% | 1.43% | 0.55% | -0.38% | 1.74% | 1.86% | 0.46% | 0.16% | 1.17% | 1.48% | -0.65% |
6 analysts predict ALTR's average Quarter EBITDA for Jun 23 to be $9.53M, with a high of $9.70M and a low of $9.24M. This is -48.60% lower than Altair Engineering's previous annual EBITDA (Mar 23) of $18.55M.
Altair Engineering Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 2 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-4.36M | $-22.28M | $-1.96M | $12.06M | $-33.25M | $-33.77M | $11.53M | $-1.40M | $-8.11M | $-13.65M | $14.36M | $2.20M | $-8.51M | $-10.22M | $6.03M | $-1.50M | $-15.94M |
| Avg Forecast | $55.41M | $26.53M | $26.23M | $45.10M | $48.51M | $20.12M | $19.79M | $38.58M | $45.53M | $14.28M | $13.70M | $10.23M | $36.20M | $3.44M | $12.20M | $9.30M | $-1.42M | $597.20K | $8.12M | $8.45M | $7.42M | $836.07K | $1.15M | $8.27M | $-104.51K | $-6.81M | $-1.67M | $5.17M | $4.17M | $4.22M |
| High Forecast | $56.70M | $27.14M | $26.84M | $46.15M | $49.64M | $20.59M | $20.25M | $41.86M | $50.68M | $14.30M | $13.70M | $12.28M | $37.08M | $4.30M | $12.48M | $11.16M | $-1.13M | $597.20K | $8.12M | $10.14M | $7.42M | $836.07K | $1.15M | $9.93M | $-104.51K | $-6.81M | $-1.67M | $6.20M | $4.17M | $4.22M |
| Low Forecast | $53.18M | $25.46M | $25.18M | $43.28M | $46.55M | $19.31M | $18.99M | $35.29M | $41.23M | $14.26M | $13.70M | $8.18M | $34.43M | $859.69K | $11.70M | $7.44M | $-1.70M | $597.20K | $8.12M | $6.76M | $7.42M | $836.07K | $1.15M | $6.62M | $-104.51K | $-6.81M | $-1.67M | $4.13M | $4.17M | $4.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.27% | -1.83% | -0.21% | -8.51% | -55.67% | -4.16% | 1.36% | -0.19% | -9.70% | -11.87% | 1.74% | -21.03% | 1.25% | 6.11% | 1.17% | -0.36% | -3.78% |
Altair Engineering's average Quarter net income forecast for Mar 23 is $9.30M, with a range of $7.44M to $11.16M. ALTR's average Quarter net income forecast represents a -22.92% decrease compared to the company's last Quarter net income of $12.06M (Dec 22).
Altair Engineering SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 2 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $61.29M | $63.60M | $61.44M | $66.20M | $63.92M | $63.48M | $59.25M | $61.70M | $52.78M | $53.77M | $56.00M | $53.47M | $47.90M | $46.05M | $50.45M | $48.88M | $46.50M |
| Avg Forecast | $91.20M | $74.62M | $74.36M | $84.85M | $84.76M | $68.07M | $67.23M | $78.63M | $76.70M | $61.50M | $61.62M | $52.58M | $72.46M | $53.40M | $58.34M | $47.80M | $62.61M | $49.46M | $54.55M | $43.45M | $53.55M | $47.74M | $47.09M | $32.26M | $48.85M | $41.45M | $39.49M | $43.24M | $45.99M | $44.21M |
| High Forecast | $92.83M | $75.96M | $75.70M | $86.37M | $86.28M | $69.29M | $68.43M | $79.83M | $78.86M | $61.52M | $61.62M | $63.09M | $72.80M | $53.71M | $59.39M | $57.35M | $75.14M | $49.46M | $54.55M | $52.14M | $53.55M | $47.74M | $47.09M | $38.72M | $48.85M | $41.45M | $39.49M | $51.89M | $45.99M | $44.21M |
| Low Forecast | $88.37M | $72.31M | $72.06M | $82.22M | $82.13M | $65.96M | $65.14M | $78.01M | $73.82M | $61.48M | $61.62M | $42.06M | $72.12M | $53.23M | $56.53M | $38.24M | $50.09M | $49.46M | $54.55M | $34.76M | $53.55M | $47.74M | $47.09M | $25.81M | $48.85M | $41.45M | $39.49M | $34.59M | $45.99M | $44.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.09% | 1.29% | 1.06% | 1.29% | 1.16% | 1.36% | 1.15% | 1.11% | 1.14% | 1.74% | 1.09% | 1.16% | 1.17% | 1.17% | 1.06% | 1.05% |
Altair Engineering's average Quarter SG&A projection for Dec 23 is $72.46M, based on 4 Wall Street analysts, with a range of $72.12M to $72.80M. The forecast indicates a 18.23% rise compared to ALTR last annual SG&A of $61.29M (Sep 23).
Altair Engineering EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 2 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.05 | $-0.28 | $-0.02 | $0.15 | $-0.42 | $-0.43 | $0.15 | $-0.02 | $-0.11 | $-0.18 | $0.19 | $0.03 | $-0.12 | $-0.14 | $0.08 | $-0.02 | $-0.22 |
| Avg Forecast | $0.63 | $0.30 | $0.30 | $0.51 | $0.55 | $0.23 | $0.22 | $0.44 | $0.51 | $0.16 | $0.15 | $0.34 | $0.41 | $0.04 | $0.14 | $0.29 | $0.19 | $0.01 | $0.10 | $0.30 | $0.09 | $0.01 | $0.01 | $0.21 | $-0.00 | $-0.08 | $-0.02 | $0.14 | $0.05 | $0.05 |
| High Forecast | $0.64 | $0.31 | $0.30 | $0.52 | $0.56 | $0.23 | $0.23 | $0.47 | $0.57 | $0.16 | $0.15 | $0.34 | $0.42 | $0.05 | $0.14 | $0.29 | $0.19 | $0.01 | $0.10 | $0.30 | $0.09 | $0.01 | $0.01 | $0.21 | $-0.00 | $-0.08 | $-0.02 | $0.14 | $0.05 | $0.05 |
| Low Forecast | $0.60 | $0.29 | $0.28 | $0.49 | $0.53 | $0.22 | $0.21 | $0.40 | $0.47 | $0.16 | $0.15 | $0.34 | $0.39 | $0.01 | $0.13 | $0.28 | $0.18 | $0.01 | $0.10 | $0.30 | $0.09 | $0.01 | $0.01 | $0.21 | $-0.00 | $-0.08 | $-0.02 | $0.14 | $0.05 | $0.05 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.39% | -2.03% | -0.08% | 0.79% | -58.80% | -4.43% | 0.50% | -0.20% | -11.00% | -13.09% | 0.90% | -23.20% | 1.47% | 7.00% | 0.56% | -0.40% | -4.36% |
According to 4 Wall Street analysts, Altair Engineering's projected average Quarter EPS for Mar 23 is $0.29, with a low estimate of $0.28 and a high estimate of $0.29. This represents a 91.57% increase compared to ALTR previous annual EPS of $0.15 (Dec 22).
Altair Engineering Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FIVN | Five9 | $38.46 | $96.00 | 149.61% | Buy |
| IIIV | i3 Verticals | $23.38 | $28.33 | 21.17% | Buy |
| DOCN | DigitalOcean | $38.87 | $45.50 | 17.06% | Buy |
| APPN | Appian | $38.55 | $44.67 | 15.88% | Hold |
| SPSC | SPS Commerce | $186.32 | $215.40 | 15.61% | Buy |
| CCCS | CCC Intelligent Solutions | $12.34 | $14.00 | 13.45% | Buy |
| AVDX | AvidXchange | $10.87 | $11.75 | 8.10% | Hold |
| EVCM | EverCommerce | $11.65 | $12.43 | 6.70% | Buy |
| CCSI | Consensus Cloud Solutions | $23.75 | $25.00 | 5.26% | Buy |
| ALTR | Altair Engineering | $104.35 | $106.50 | 2.06% | Hold |
| NTCT | NetScout Systems | $21.56 | $22.00 | 2.04% | Hold |
| CSGS | CSG Systems | $55.20 | $52.00 | -5.80% | Buy |
| EVTC | EVERTEC | $36.06 | $31.50 | -12.65% | Sell |