KeyBanc Capital Markets has revised its price target for Bentley Systems (BSY, Financial), lowering it to $54 from a previous $63. Despite this adjustment, the firm maintains an Overweight rating on the stock, indicating a positive outlook. KeyBanc foresees a favorable bias for Bentley's first-quarter constant currency annual recurring revenue (C.C. ARR), expecting it to exceed consensus estimates.
The firm highlights the resilience of infrastructure engineering expenditures, suggesting that this sector might withstand market volatility better than others. Moreover, there is anticipation that Bentley will reaffirm their 2025 C.C. ARR growth projection of 10.5% to 12.5%. Additionally, KeyBanc expects the company to address the impact of recent foreign exchange fluctuations on its reported financial results, providing qualitative insights in this regard.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Bentley Systems Inc (BSY, Financial) is $53.47 with a high estimate of $62.00 and a low estimate of $42.00. The average target implies an upside of 25.45% from the current price of $42.62. More detailed estimate data can be found on the Bentley Systems Inc (BSY) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Bentley Systems Inc's (BSY, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bentley Systems Inc (BSY, Financial) in one year is $59.09, suggesting a upside of 38.64% from the current price of $42.62. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bentley Systems Inc (BSY) Summary page.
