Altair Engineering Inc (ALTR) Stock Forecast & Predictions

Altair Engineering Inc - Class A ALTR: $63.99

1820 East Big Beaver Road, Troy, Michigan, US. | Sector: Information | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: https://www.altair.com/

  • Market Cap$2.91B
  • Change (52 Weeks)126.03%
  • Low (52 Weeks)$28.17
  • Altair Engineering Inc (ALTR) Forecast Based on Technical Analysis


    Neutral
    Based on 9 Technical Indicators where 0.00% are on Buy, 33.33% on Sell, and 66.67% Neutral.

    According to the market data, Altair Engineering Inc (ALTR) stock price is $63.99 and the 52 weeks low is $28.17, which means the Altair Engineering Inc stock price is up 126.03% in the last 12 months.

    Altair Engineering Inc (ALTR) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 9 technical indicators, 0.00% are indicating that ALTR Stock price might rise further, 33.33% indicating that ALTR Stock price might fall, and 66.67% are in a neutral position.

    Based on these technical algorithms, overall ALTR stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Altair Engineering Inc (ALTR) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Altair Engineering Inc (ALTR) is based on 14 Institutional Analyst Ratings where 50.00% are on Strong Buy, 14.29% on Moderate Buy, 35.71% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 14 Institutional Analysts, majority recommended ALTR stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Altair Engineering Inc.

    Altair Engineering Inc (ALTR) Stock Price Prediction By Analysts


    HighLowAverage
    $79.80$64.64$69.36
    $69.368.39% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for ALTR set by the institutional analysts is $69.36 where High Estimate is $79.80, Median $66.3 and Low $64.64.

    The average price target for ALTR by Institutional Analysts is $69.36, which is 8.39% Upside from the current price. So according to the Institutional Analysts, ALTR Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Altair Engineering Inc (ALTR) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 381,013 investor portfolio.

    Our algorithm has analysed 381,013 investor portfolio with ALTR stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about ALTR and holding their positions hoping for a further rise in the stock price and more profit.

    Altair Engineering Inc (ALTR) Stock Forecast Based on News Sentiment


    Bullish
    Based on 5 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about ALTR, it shows that Altair Engineering Inc had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that ALTR stock price may surge in the next few weeks.

    Altair Engineering Inc (ALTR) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Goldman SachsNeutralUpgraded
    JP MorganOverweightUpgraded
    BenchmarkBuyUpgraded
    JP MorganNeutralUpgraded
    BenchmarkHoldInitiated
    Goldman SachsSellDowngraded
    NeedhamBuyMaintained
    GuggenheimSellDowngraded
    NeedhamBuyMaintained
    JP MorganUnderweightDowngraded
    GuggenheimNeutralInitiated
    RBC CapitalSector PerformMaintained
    JP MorganNeutralMaintained
    Canaccord GenuityHoldMaintained
    NeedhamBuyInitiated
    Canaccord GenuityHoldMaintained
    BerenbergBuyInitiated
    William BlairOutperformInitiated
    RBC CapitalSector PerformInitiated
    JP MorganNeutralInitiated
    Deutsche BankBuyInitiated
    Canaccord GenuityHoldInitiated
    Wells FargoMarket PerformDowngraded
    FBR CapitalMarket PerformDowngraded
    Raymond JamesMarket PerformDowngraded
    FBR CapitalOutperformMaintained
    SunTrust Robinson HumphreyNeutralMaintained
    BairdNeutralDowngraded
    JefferiesHoldMaintained
    CitigroupNeutralMaintained
    BMO CapitalMarket PerformMaintained
    BairdNeutralDowngraded
    BarclaysEqual-WeightMaintained
    William BlairMarket PerformUpgraded
    William BlairMarket PerformUpgraded
    Morgan StanleyEqual-WeightDowngraded
    CLSAUnderperformDowngraded
    JP MorganNeutralMaintained
    JMP SecuritiesMarket OutperformMaintained
    Deutsche BankHoldMaintained
    CitigroupHoldMaintained
    BMO CapitalMarket PerformDowngraded
    BarclaysEqual-WeightMaintained
    CLSAOutperformDowngraded
    JP MorganNeutralDowngraded
    Bank of AmericaNeutralDowngraded
    JP MorganOverweightMaintained
    JefferiesHoldMaintained
    JMP SecuritiesMarket OutperformMaintained
    JefferiesHoldMaintained
    FBR CapitalOutperformMaintained
    RBC CapitalOutperformUpgraded
    NomuraReduceMaintained
    JP MorganOverweightMaintained
    FBR CapitalOutperformInitiated
    MacquarieOutperformUpgraded
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    JP MorganOverweightUpgraded
    Goldman SachsNeutralDowngraded
    JMP SecuritiesMarket OutperformInitiated
    William BlairUnderperformDowngraded
    JefferiesHoldMaintained
    JefferiesHoldMaintained
    Drexel HamiltonBuyInitiated
    CitigroupBuyUpgraded
    BairdOutperformUpgraded
    JefferiesHoldMaintained
    ArgusBuyUpgraded
    TopekaHoldInitiated
    UBSNeutralDowngraded
    Bank of AmericaBuyMaintained
    William BlairMarket PerformDowngraded
    Deutsche BankHoldMaintained
    Credit SuisseNeutralMaintained
    LazardNeutralDowngraded
    BarclaysEqual-WeightDowngraded
    NomuraReduceMaintained
    JefferiesHoldMaintained
    ISI GroupHoldDowngraded
    UBSBuyMaintained
    NomuraReduceMaintained
    JefferiesHoldMaintained
    Deutsche BankHoldMaintained
    Canaccord GenuityHoldMaintained
    BMO CapitalOutperformMaintained
    BarclaysOverweightMaintained
    Pacific CrestSector PerformInitiated
    ISI GroupBuyMaintained
    JefferiesHoldDowngraded
    BarclaysOverweightMaintained
    Canaccord GenuityHoldMaintained
    UBSBuyMaintained
    Morgan StanleyOverweightUpgraded
    UBSBuyMaintained
    JP MorganNeutralMaintained
    CitigroupNeutralDowngraded
    UBSBuyMaintained

    Altair Engineering Inc (ALTR) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.028
    The average consensus EPS for ALTR is $0.028 with a high estimate of $0.074 and Low of $-0.020 for the period 2021-06-30 and based on 9 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0$-0.083058600000000012020-09-30


    The latest average Earning Per Share Estimate for Altair Engineering Inc is $0.03, which is higher than ALTR's last EPS, $0.00. This means that Analysts are expecting Altair Engineering Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Altair Engineering Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0$-0.083058600000000012020-09-30
    $-0.02$-0.02010422020-06-30
    $0.16$0.144329999999999992020-03-31
    $0.09$0.050492019-12-31
    $-0.09$0.05117342019-09-30
    $0.06$0.07412342019-06-30
    $0.26$0.222533400000000022019-03-31
    $0.06$0.10029662018-12-31
    $0.07$0.06459662018-09-30
    $0.05$0.04082018-06-30
    $0.08$0.02889662018-03-31
    $0.18$0.06122017-12-31
    $-0.09$0.04082017-09-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).