
Bentley Systems (BSY) Stock Forecast & Price Target
Bentley Systems (BSY) Analyst Ratings
Bulls say
Bentley Systems reported strong Q3 results, with subscription revenue reaching $344.3 million, reflecting a 14% year-over-year increase, indicating robust activity in global infrastructure projects and increased adoption of engineering tools. The company achieved an Annual Recurring Revenue (ARR) of $1.405 billion, marking a 10.5% growth year-over-year in constant currency, supported by the successful adoption of the E365 subscription program and healthy demand in its primary public works and utilities sector. Additionally, Bentley's overall revenue for the quarter increased to $375.5 million, exceeding estimates and showcasing improved EBITDA margins of 27.7%, up from 26.7% the prior year, demonstrating its operational efficiency and financial health.
Bears say
Bentley Systems faces a negative outlook primarily due to stagnant services revenue, which remained flat quarter-over-quarter and is expected to continue at current levels, resulting in a $5 million shortfall compared to prior guidance. Furthermore, the company's reliance on the IBM Maximo-related work has introduced ongoing headwinds that have negatively impacted revenue, particularly in the professional services segment. Additionally, while total revenue slightly exceeded projections, the decline in perpetual licenses and the lower than anticipated long-term free cash flow multiple contribute to a cautious financial outlook for the company.
This aggregate rating is based on analysts' research of Bentley Systems and is not a guaranteed prediction by Public.com or investment advice.
Bentley Systems (BSY) Analyst Forecast & Price Prediction
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