In a report released on April 15, 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 $48.90.
Hedberg covers the Technology sector, focusing on stocks such as UiPath, Autodesk, and Teradata. According to TipRanks, Hedberg has an average return of 9.8% and a 53.23% 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 $14.14B and has a P/E ratio of 47.39.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
- William Blair starts Bentley Systems at Outperform on growth drivers
- Bentley Systems initiated with an Outperform at William Blair
- Bentley Systems Announces Executive Shuffle and Stock Buyback Plan
- Bentley CEO Greg Bentley to transition out of role, Nicholas Cumins to succeed
- Bentley Systems management to meet with Piper Sandler
