What’s Next for Altair Engineering Inc. (ALTR) After Achieving All Time High?

May 16, 2018 - By Kenneth Lin

Altair Engineering Inc. (NASDAQ:ALTR) Logo

The stock of Altair Engineering Inc. (NASDAQ:ALTR) reached all time high today, May, 16 and still has $36.92 target or 5.00 % above today’s $35.16 share price. This indicates more upside for the $2.25B company. This technical setup was reported by Barchart.com. If the $36.92 PT is reached, the company will be worth $112.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 4.80% or $1.61 during the last trading session, reaching $35.16. About 897,198 shares traded or 228.49% up from the average. Altair Engineering Inc. (NASDAQ:ALTR) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Coverage

Among 9 analysts covering Altair Engineering (NASDAQ:ALTR), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Altair Engineering had 12 analyst reports since November 27, 2017 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, March 22 report. The rating was initiated by J.P. Morgan with “Hold” on Monday, November 27. Berenberg maintained the stock with “Buy” rating in Thursday, March 22 report. The stock has “Buy” rating by Cowen & Co on Thursday, March 22. Canaccord Genuity maintained Altair Engineering Inc. (NASDAQ:ALTR) on Wednesday, March 21 with “Hold” rating.

More notable recent Altair Engineering Inc. (NASDAQ:ALTR) news were published by: Globenewswire.com which released: “Electromagnetics Software Release Targets e-Mobility and Communications Markets” on May 02, 2018, also Globenewswire.com with their article: “Altair Nominated for Amazon Web Services (AWS) Industrial Software Competency” published on April 26, 2018, Nasdaq.com published: “GE and Altair Sign Agreement for Exclusive Distribution of GE’s Flow Simulator Software” on May 07, 2018. More interesting news about Altair Engineering Inc. (NASDAQ:ALTR) were released by: Nasdaq.com and their article: “2018 Global Altair Technology Conference to be held in Paris, France” published on April 18, 2018 as well as Seekingalpha.com‘s news article titled: “Altair acquires CANDI Controls” with publication date: May 04, 2018.

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company has market cap of $2.25 billion. The Company’s integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. It currently has negative earnings. The firm also offers client engineering services to support clients with long-term ongoing product design and development services, as well as consulting, training, and support services.

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:

WP Twitter Auto Publish Powered By : XYZScripts.com