Altair Engineering Stock Target Price and Analyst Consensus

ALTR
 Stock
  

USD 55.73  1.55  2.86%   

The current analyst and expert consensus on Altair Engineering is Buy, with 0 strong sell and 5 strong buy opinions. The current projected Altair Engineering target price consensus is 88.2 with 5 analyst opinions. The most common way Altair Engineering analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Altair Engineering executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Altair Engineering. We strongly encourage you to use your own analysis of Altair Engineering to validate this buy or sell advice. Altair Engineering buy-or-sell recommendation module provides average expert sentiment on the projected Altair Engineering target price to derive its highest and lowest estimates based on projected price volatility of 6.3. Please continue to Macroaxis Advice on Altair Engineering to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
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As of 06/26/2022, Gross Profit is likely to drop to about 376.4 M. In addition to that, Profit Margin is likely to drop to -0.02. Altair Engineering Trade and Non Trade Payables is relatively stable at the moment as compared to the past year. Altair Engineering reported last year Trade and Non Trade Payables of 6.65 Million. As of 06/26/2022, Tax Assets is likely to grow to about 21.7 M, while Receivables is likely to drop slightly above 113.4 M.

Altair Engineering Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Altair target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Altair target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Number of Opinions7
Lowered Outlook0
Raized Outlook0
Buy
Most Altair analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Altair stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Altair Engineering, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Altair Engineering Target Price Projection

Altair Engineering's current and average target prices are 55.73 and 88.20, respectively. The current price of Altair Engineering is the price at which Altair Engineering is currently trading. On the other hand, Altair Engineering's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Altair Engineering Market Quote on 26th of June 2022

Low Price54.5Odds
High Price56.11Odds

55.73

Target Price

Analyst Consensus On Altair Engineering Target Price

Low Estimate80.0Odds
High Estimate95.0Odds
Number of Analysts5
Standard Deviation6.3

88.2

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Altair Engineering and the information provided on this page.

Altair Engineering Analyst Ratings

Altair Engineering's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Altair Engineering stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Altair Engineering's financials, market performance, and future outlook by experienced professionals. Altair Engineering's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About Altair Engineering Target Price Projections

Altair Engineering's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Altair Engineering and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Altair depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Altair Engineering including analysis of its current option contracts.
Altair Engineering's latest option contracts expiring on 2022-07-15 are carrying combined implied volatility of 52.18 with a put-to-call open interest ratio of 0.48 over 36 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2022-07-15. The current put volume is at 52, with calls trading at the volume of 354. This yields a 0.15 put-to-call volume ratio. The Altair Engineering option chain provides detailed quote and price information for the current Altair Engineering option contracts. It shows all of Altair Engineering's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-07-15 Option Contracts

Altair Engineering option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Altair Engineering's lending market. For example, when Altair Engineering's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Altair Engineering, he or she must hedge the risk by shorting Altair Engineering stock over its option's life.
The chart above shows Altair Engineering's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Altair Engineering's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Altair Engineering's option, there is no secondary market available for investors to trade.

Altair Engineering Maximum Pain Price across 2022-07-15 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Altair Engineering close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Altair Engineering's stock options are financial instruments that give investors the right to buy or sell shares of Altair Engineering common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Altair stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Altair Engineering's stock price goes up or down, the stock options follow.
Please continue to Macroaxis Advice on Altair Engineering to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Altair Engineering In The Money Call Balance

When Altair Engineering's strike price is surpassing the current stock price, the option contract against Altair Engineering stock is said to be in the money. When it comes to buying Altair Engineering's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' options written on Altair Engineering are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Altair Current Options Market Mood

Altair Engineering's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Altair Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Altair Engineering's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Altair Engineering's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Altair Engineering's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional Altair Engineering Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Altair Engineering is a key component of Altair Engineering valuation and have some predictive power on the future returns of a Altair Engineering.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Altair Engineering's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Altair Engineering in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
53.5656.0258.48
Details
Intrinsic
Valuation
LowReal ValueHigh
50.1672.3974.85
Details
Naive
Forecast
LowNext ValueHigh
52.9155.3757.84
Details
Earnings
Estimates (3)
LowProjected EPSHigh
0.130.230.28
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Altair Engineering. Your research has to be compared to or analyzed against Altair Engineering's peers to derive any actionable benefits. When done correctly, Altair Engineering's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Altair Engineering.

Additional Altair Engineering Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Altair Engineering is a key component of Altair Engineering valuation and have some predictive power on the future returns of a Altair Engineering.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Altair Engineering's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Altair Engineering in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
53.5656.0258.48
Details
Intrinsic
Valuation
LowReal ValueHigh
50.1672.3974.85
Details
Naive
Forecast
LowNext ValueHigh
52.9155.3757.84
Details
Earnings
Estimates (3)
LowProjected EPSHigh
0.130.230.28
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Altair Engineering. Your research has to be compared to or analyzed against Altair Engineering's peers to derive any actionable benefits. When done correctly, Altair Engineering's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Altair Engineering.

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Please continue to Macroaxis Advice on Altair Engineering to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. Note that the Altair Engineering information on this page should be used as a complementary analysis to other Altair Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Altair Engineering price analysis, check to measure Altair Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altair Engineering is operating at the current time. Most of Altair Engineering's value examination focuses on studying past and present price action to predict the probability of Altair Engineering's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Altair Engineering's price. Additionally, you may evaluate how the addition of Altair Engineering to your portfolios can decrease your overall portfolio volatility.
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The data published in Altair Engineering's official financial statements usually reflect Altair Engineering's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Altair Engineering. For example, before you start analyzing numbers published by Altair accountants, it's critical to develop an understanding of what Altair Engineering's liquidity, profitability, and earnings quality are in the context of the Technology space in which it operates.
Please note, the presentation of Altair Engineering's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Altair Engineering's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Altair Engineering's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Altair Engineering. Please utilize our Beneish M Score to check the likelihood of Altair Engineering's management to manipulate its earnings.