Altair Engineering (ALTR) Stock Forecast, Price Target & Predictions
ALTR Stock Forecast
Altair Engineering stock forecast is as follows: an average price target of $85.00 (represents a -7.51% downside from ALTR’s last price of $91.90) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
ALTR Price Target
The average price target for Altair Engineering (ALTR) is $85.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $70.00. This represents a potential -7.51% downside from ALTR's last price of $91.90.
ALTR Analyst Ratings
According to 5 Wall Street analysts, Altair Engineering's rating consensus is 'Buy'. The analyst rating breakdown for ALTR stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 2 'Hold' (40.00%), 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 |
|---|---|---|---|---|---|---|
| Mar 21, 2024 | Ken Wong | Oppenheimer | $100.00 | $86.80 | 15.21% | 8.81% |
| Jul 21, 2022 | - | Rosenblatt Securities | $70.00 | $54.27 | 28.98% | -23.83% |
The latest Altair Engineering stock forecast, released on Mar 21, 2024 by Ken Wong from Oppenheimer, set a price target of $100.00, which represents a 15.21% increase from the stock price at the time of the forecast ($86.80), and a 8.81% increase from ALTR last price ($91.90).
Altair Engineering Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $100.00 |
| Last Closing Price | $91.90 | $91.90 | $91.90 |
| Upside/Downside | -100.00% | -100.00% | 8.81% |
In the current month, the average price target of Altair Engineering stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Altair Engineering's last price of $91.90. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 15, 2024 | William Blair | Buy | Buy | Hold |
| Jul 15, 2024 | Rosenblatt Securities | Underperform | Underperform | 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 |
| Feb 23, 2024 | Oppenheimer | Underperform | Underperform | Hold |
| Feb 23, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| May 05, 2023 | Goldman Sachs | - | Neutral | Upgrade |
| Feb 24, 2023 | Needham | Buy | Buy | Hold |
Altair Engineering's last stock rating was published by William Blair on Jul 15, 2024. The company gave ALTR a "Buy" rating, the same as its previous rate.
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 | Jul 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 | - | $159.78M | $140.80M | $121.31M | $119.91M | $150.16M | $133.44M | $106.46M | $98.56M | $131.46M | $123.88M | $100.41M |
| Avg Forecast | $222.21M | $176.49M | $178.11M | $201.52M | $203.17M | $161.08M | $160.87M | $187.56M | $184.13M | $146.69M | $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 | $223.35M | $177.39M | $179.02M | $202.55M | $204.21M | $161.91M | $161.69M | $188.52M | $185.08M | $146.94M | $147.63M | $170.16M | $173.53M | $128.03M | $139.77M | $157.68M | $147.01M | $118.50M | $130.03M | $156.96M | $130.13M | $116.00M | $114.42M | $142.14M | $118.69M | $100.71M | $95.95M | $131.50M | $111.75M | $107.42M |
| Low Forecast | $221.68M | $176.07M | $177.68M | $201.04M | $202.69M | $160.70M | $160.49M | $187.12M | $183.69M | $146.48M | $146.53M | $168.89M | $171.91M | $126.88M | $138.73M | $156.50M | $145.91M | $117.61M | $130.03M | $150.52M | $124.79M | $111.24M | $109.72M | $136.31M | $113.83M | $96.58M | $92.02M | $126.11M | $107.17M | $103.02M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 5 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.02% | 1.06% | 1.10% | 1.01% | - | 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 | Jul 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 | 4 | 3 | 6 | 3 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 5 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-7.97M | $-2.55M | $18.55M | $22.63M | $-15.02M | - | $28.24M | $12.04M | $4.13M | $-2.81M | $24.06M | $14.28M | $2.98M | $1.02M | $19.16M | $10.68M | $-4.55M |
| Avg Forecast | $14.68M | $11.66M | $11.77M | $13.31M | $13.42M | $10.64M | $10.63M | $12.39M | $12.16M | $9.69M | $9.70M | $23.36M | $11.41M | $8.41M | $9.19M | $21.24M | $9.66M | $6.94M | $8.59M | $19.31M | $11.11M | $6.31M | $-4.13M | $13.86M | $7.69M | $1.64M | $1.02M | $16.42M | $6.98M | $-15.56M |
| High Forecast | $14.75M | $11.72M | $11.83M | $13.38M | $13.49M | $10.70M | $10.68M | $12.45M | $12.23M | $9.71M | $9.75M | $28.04M | $11.46M | $8.46M | $9.23M | $25.49M | $9.71M | $8.33M | $8.59M | $23.17M | $13.33M | $7.57M | $-3.30M | $16.64M | $7.84M | $1.97M | $1.23M | $19.70M | $8.37M | $-12.45M |
| Low Forecast | $14.64M | $11.63M | $11.74M | $13.28M | $13.39M | $10.62M | $10.60M | $12.36M | $12.13M | $9.68M | $9.68M | $18.69M | $11.36M | $8.38M | $9.16M | $16.99M | $9.64M | $5.55M | $8.59M | $15.45M | $8.89M | $5.05M | $-4.96M | $11.09M | $7.52M | $1.31M | $816.80K | $13.13M | $5.58M | $-18.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.95% | -0.28% | 0.87% | 2.34% | -2.16% | - | 1.46% | 1.08% | 0.65% | 0.68% | 1.74% | 1.86% | 1.82% | 1.00% | 1.17% | 1.53% | 0.29% |
6 analysts predict ALTR's average Quarter EBITDA for Jun 23 to be $9.19M, with a high of $9.23M and a low of $9.16M. This is -50.48% 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 | Jul 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 | 4 | 3 | 6 | 3 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 5 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-4.36M | $-22.28M | $-1.96M | $12.06M | $-33.25M | - | $11.53M | $-1.40M | $-8.11M | $-13.65M | $14.36M | $2.20M | $-8.51M | $-10.22M | $6.03M | $-1.50M | $-15.94M |
| Avg Forecast | $48.91M | $20.48M | $20.90M | $34.70M | $44.04M | $17.82M | $17.80M | $35.09M | $41.20M | $13.54M | $12.96M | $10.23M | $34.23M | $3.25M | $11.53M | $9.30M | $15.78M | $-13.65M | $8.72M | $8.45M | $-1.29M | $-12.41M | $-20.10M | $8.27M | $-111.22K | $-4.68M | $-10.22M | $5.17M | $-981.10K | $-54.51M |
| High Forecast | $49.24M | $20.62M | $21.04M | $34.93M | $44.33M | $17.94M | $17.92M | $35.32M | $41.48M | $14.38M | $13.04M | $12.28M | $35.06M | $4.06M | $11.61M | $11.16M | $15.89M | $-10.92M | $8.72M | $10.14M | $-1.03M | $-9.93M | $-16.08M | $9.93M | $-107.98K | $-3.74M | $-8.18M | $6.20M | $-784.88K | $-43.61M |
| Low Forecast | $48.76M | $20.42M | $20.84M | $34.59M | $43.90M | $17.77M | $17.74M | $34.98M | $41.07M | $12.69M | $12.92M | $8.18M | $32.56M | $812.85K | $11.50M | $7.44M | $15.73M | $-16.38M | $8.72M | $6.76M | $-1.55M | $-14.89M | $-24.12M | $6.62M | $-114.03K | $-5.61M | $-12.27M | $4.13M | $-1.18M | $-65.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.34% | -1.93% | -0.21% | 0.76% | 2.44% | - | 1.36% | 1.08% | 0.65% | 0.68% | 1.74% | -19.76% | 1.82% | 1.00% | 1.17% | 1.53% | 0.29% |
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 | Jul 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 | 4 | 3 | 6 | 3 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 5 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $61.29M | $63.60M | $61.44M | $66.20M | $63.92M | - | $59.25M | $61.70M | $52.78M | $53.77M | $56.00M | $53.47M | $47.90M | $46.05M | $50.45M | $48.88M | $46.50M |
| Avg Forecast | $93.23M | $74.04M | $74.72M | $84.55M | $85.24M | $67.58M | $67.49M | $78.69M | $77.25M | $61.54M | $61.62M | $52.58M | $72.46M | $53.40M | $58.34M | $47.80M | $61.36M | $88.84M | $54.55M | $43.45M | $56.92M | $80.76M | $79.19M | $32.26M | $48.85M | $26.35M | $46.05M | $43.24M | $31.93M | $44.21M |
| High Forecast | $93.70M | $74.42M | $75.10M | $84.98M | $85.67M | $67.93M | $67.84M | $79.09M | $77.65M | $61.65M | $61.94M | $63.09M | $72.80M | $53.71M | $58.64M | $57.35M | $61.67M | $106.60M | $54.55M | $52.14M | $68.31M | $96.91M | $95.03M | $38.72M | $49.80M | $31.62M | $55.26M | $51.89M | $38.31M | $45.07M |
| Low Forecast | $93.00M | $73.87M | $74.54M | $84.34M | $85.03M | $67.42M | $67.33M | $78.50M | $77.07M | $61.45M | $61.48M | $42.06M | $72.12M | $53.23M | $58.20M | $38.24M | $61.21M | $71.07M | $54.55M | $34.76M | $45.54M | $64.61M | $63.35M | $25.81M | $47.75M | $21.08M | $36.84M | $34.59M | $25.54M | $43.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.09% | 1.29% | 1.08% | 0.72% | - | 1.36% | 1.08% | 0.65% | 0.68% | 1.74% | 1.09% | 1.82% | 1.00% | 1.17% | 1.53% | 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 | Jul 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 | 4 | 3 | 6 | 3 | 2 | 4 | 9 | 6 | 4 | 3 | 7 | 5 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.05 | $-0.28 | $-0.02 | $0.15 | $-0.42 | - | $0.15 | $-0.02 | $-0.11 | $-0.18 | $0.19 | $0.03 | $-0.12 | $-0.14 | $0.08 | $-0.02 | $-0.22 |
| Avg Forecast | $0.58 | $0.24 | $0.25 | $0.41 | $0.53 | $0.21 | $0.21 | $0.42 | $0.49 | $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 | $0.59 | $0.25 | $0.25 | $0.42 | $0.53 | $0.21 | $0.21 | $0.42 | $0.50 | $0.17 | $0.16 | $0.35 | $0.42 | $0.05 | $0.14 | $0.29 | $0.19 | $0.01 | $0.10 | $0.30 | $0.09 | $0.01 | $0.01 | $0.22 | $-0.00 | $-0.08 | $-0.02 | $0.15 | $0.05 | $0.05 |
| Low Forecast | $0.58 | $0.24 | $0.25 | $0.41 | $0.53 | $0.21 | $0.21 | $0.42 | $0.49 | $0.15 | $0.15 | $0.34 | $0.39 | $0.01 | $0.14 | $0.29 | $0.19 | $0.01 | $0.10 | $0.29 | $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% | - | 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 $0.29 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 | $28.39 | $95.80 | 237.44% | Buy |
| AVDX | AvidXchange | $7.44 | $11.69 | 57.12% | Hold |
| APPN | Appian | $33.12 | $44.67 | 34.87% | Hold |
| IIIV | i3 Verticals | $22.37 | $28.33 | 26.64% | Buy |
| CCCS | CCC Intelligent Solutions | $10.87 | $13.67 | 25.76% | Buy |
| EVCM | EverCommerce | $10.57 | $12.29 | 16.27% | Buy |
| SPSC | SPS Commerce | $192.18 | $222.25 | 15.65% | Buy |
| DOCN | DigitalOcean | $40.97 | $45.50 | 11.06% | Buy |
| NTCT | NetScout Systems | $19.82 | $22.00 | 11.00% | Hold |
| CSGS | CSG Systems | $48.31 | $52.00 | 7.64% | Buy |
| CCSI | Consensus Cloud Solutions | $23.66 | $25.00 | 5.66% | Buy |
| ALTR | Altair Engineering | $91.90 | $85.00 | -7.51% | Buy |
| EVTC | EVERTEC | $33.78 | $28.00 | -17.11% | Sell |
ALTR Forecast FAQ
Is Altair Engineering a good buy?
Yes, according to 5 Wall Street analysts, Altair Engineering (ALTR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 60.00% of ALTR's total ratings.
What is ALTR's price target?
Altair Engineering (ALTR) average price target is $85 with a range of $70 to $100, implying a -7.51% from its last price of $91.9. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Altair Engineering stock go up soon?
According to Wall Street analysts' prediction for ALTR stock, the company can go down by -7.51% (from the last price of $91.9 to the average price target of $85), up by 8.81% based on the highest stock price target, and down by -23.83% based on the lowest stock price target.
Can Altair Engineering stock reach $140?
ALTR's average twelve months analyst stock price target of $85 does not support the claim that Altair Engineering can reach $140 in the near future.
What are Altair Engineering's analysts' financial forecasts?
Altair Engineering's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $712.69M (high $716.34M, low $710.99M), average EBITDA is $47.08M (high $47.32M, low $46.97M), average net income is $114.75M (high $115.51M, low $114.39M), average SG&A $299M (high $300.53M, low $298.29M), and average EPS is $1.37 (high $1.38, low $1.37). ALTR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $778.33M (high $782.31M, low $776.47M), average EBITDA is $51.42M (high $51.68M, low $51.29M), average net income is $124.99M (high $125.82M, low $124.6M), average SG&A $326.54M (high $328.21M, low $325.76M), and average EPS is $1.5 (high $1.5, low $1.49).
Did the ALTR's actual financial results beat the analysts' financial forecasts?
Based on Altair Engineering's last annual report (Dec 2022), the company's revenue was $572.22M, beating the average analysts forecast of $548.15M by 4.39%. Apple's EBITDA was $11.67M, missing the average prediction of $44.5M by -73.78%. The company's net income was $-43.429M, missing the average estimation of $19.31M by -324.89%. Apple's SG&A was $252.85M, beating the average forecast of $248.2M by 1.87%. Lastly, the company's EPS was $-0.55, missing the average prediction of $0.59 by -193.19%. In terms of the last quarterly report (Sep 2023), Altair Engineering's revenue was $134M, beating the average analysts' forecast of $127.28M by 5.28%. The company's EBITDA was $-7.968M, missing the average prediction of $8.41M by -194.77%. Altair Engineering's net income was $-4.362M, missing the average estimation of $3.25M by -234.16%. The company's SG&A was $61.29M, beating the average forecast of $53.4M by 14.77%. Lastly, the company's EPS was $-0.0542, missing the average prediction of $0.0389 by -239.37%