Piper Sandler lowered the firm’s price target on Bentley Systems (BSY) to $57 from $65 and keeps an Overweight rating on the shares. The firm believes 2025 ARR growth will upside consensus, but thinks its bullish mid-teens annual recurring revenue scenario is unlikely to transpire in 2025.
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Read More on BSY:
- Bentley Systems director Bentley sells 69,573 class B shares
- Bentley Systems initiated with a Neutral at JPMorgan
- Bentley Systems price target raised to $65 from $63 at Piper Sandler
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
