RBC Capital analyst Matthew Hedberg maintained a Buy rating on Bentley Systems (BSY – Research Report) yesterday and set a price target of $61.00. The company’s shares closed yesterday at $54.93.
Hedberg covers the Technology sector, focusing on stocks such as Teradata, Altair Engineering, and Bentley Systems. According to TipRanks, Hedberg has an average return of 11.0% and a 55.49% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bentley Systems with a $59.71 average price target.
BSY market cap is currently $16.47B and has a P/E ratio of 53.36.
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Bentley Systems (BSY) Company Description:
Bentley Systems Inc is a provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure. The software enables digital workflows across engineering disciplines, distributed project teams, from offices to the field, and across computing form factors, including desktops, on-premises servers, cloud-native services, mobile devices, and web browsers. The solutions are delivered via on-premise, cloud, and hybrid environments.
Read More on BSY:
- Bentley Systems acknowledged Schneider statement over talks
- Schneider confirms preliminary talks with Bentley Systems over deal
- Bentley Systems exploring sale after receiving interest, Reuters says
- Bentley Systems jumps 6% to $53.01 after Reuters says exploring sale
- Bentley Systems exploring options including sale, Reuters reports
