In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Buy rating on Bentley Systems (BSY – Research Report), with a price target of $61.00. The company’s shares closed yesterday at $49.46.
Hedberg covers the Technology sector, focusing on stocks such as F5 Networks, Palo Alto Networks, and Confluent. According to TipRanks, Hedberg has an average return of 12.0% and a 56.89% success rate on recommended stocks.
In addition to RBC Capital, Bentley Systems also received a Buy from Rosenblatt Securities’s Blair Abernethy in a report issued on February 26. However, yesterday, Goldman Sachs reiterated a Hold rating on Bentley Systems (NASDAQ: BSY).
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The company has a one-year high of $55.26 and a one-year low of $37.10. Currently, Bentley Systems has an average volume of 958.4K.
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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.
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