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RBC Capital Sticks to Their Buy Rating for Bentley Systems (BSY)

Tipranks - Tipranks - Tue Apr 14, 9:08PM CDT

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Bentley Systems on April 12 and set a price target of $48.00.

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Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, PTC, and Cloudflare. According to TipRanks, Hedberg has an average return of -3.1% and a 40.00% success rate on recommended stocks.

In a report released on March 26, BMO Capital also maintained a Buy rating on the stock with a $48.00 price target.

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Based on Bentley Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $391.58 million and a net profit of $58.64 million. In comparison, last year the company earned a revenue of $349.82 million and had a net profit of $50.09 million

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