Bentley Systems (BSY) Stock Forecast & Price Target

$46.59 -1.50 (-3.12%)

(As of 11/15/2024 ET)

Bentley Systems - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
1

Buy
6

Based on 7 Wall Street analysts who have issued ratings for Bentley Systems in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 1 has given a hold rating, and 6 have given a buy rating for BSY.

Consensus Price Target

$59.50
27.71% Upside

According to the 7 analysts' twelve-month price targets for Bentley Systems, the average price target is $59.50. The highest price target for BSY is $65.00, while the lowest price target for BSY is $50.00. The average price target represents a forecasted upside of 27.71% from the current price of $46.59.

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BSY Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$59.50	$59.57	$59.57	$56.00
Forecasted Upside	27.71% Upside	19.86% Upside	19.14% Upside	5.48% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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BSY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BSY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bentley Systems Stock vs. The Competition

Type	Bentley Systems	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.86	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	27.71% Upside	551.78% Upside	9.92% Upside
News Sentiment Rating	Positive News See Recent BSY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/8/2024	Rosenblatt Securities 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$62.00 ➝ $62.00	+27.62%
11/8/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$63.00 ➝ $65.00	+27.23%
8/7/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$61.00 ➝ $61.00	+28.58%
8/7/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$57.00 ➝ $50.00	+5.40%
5/8/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$57.00 ➝ $60.00	+9.23%
3/28/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
Get the Latest News and Ratings for BSY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Bentley Systems and its competitors with MarketBeat's FREE daily newsletter.
2/6/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$58.00 ➝ $59.00	+16.00%
11/8/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$61.00 ➝ $62.00	+19.16%
8/9/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$63.00 ➝ $64.00	+33.75%
8/9/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
5/10/2023	Griffin Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$58.00	+25.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:43 PM ET.

BSY Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Bentley Systems is $59.50, with a high forecast of $65.00 and a low forecast of $50.00.
: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bentley Systems in the last twelve months. There is currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BSY shares.
: According to analysts, Bentley Systems's stock has a predicted upside of 27.71% based on their 12-month stock forecasts.
: Bentley Systems has been rated by research analysts at Piper Sandler, and Rosenblatt Securities in the past 90 days.
: Analysts like Bentley Systems more than other "computer and technology" companies. The consensus rating score for Bentley Systems is 2.86 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how BSY compares to other companies.

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This page (NASDAQ:BSY) was last updated on 11/15/2024 by MarketBeat.com Staff

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Bentley Systems (BSY) Stock Forecast & Price Target