RBC Capital raised the firm’s price target on Ansys to $292 from $248 and keeps a Sector Perform rating on the shares. The company’s Q4 results were "strong", highlighted by double-digit constant-currency ACV growth, the analyst tells investors in a research note. The firm adds that Ansys growth continues to be broad-based across geographies, industries, and customers, creating a "natural resilience" in the platform.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ANSS:
- Ansys price target raised to $310 from $230 at Loop Capital
- Ansys price target raised to $260 from $220 at Mizuho
- Ansys price target raised to $327 from $305 at Baird
- Ansys price target raised to $330 from $275 at Oppenheimer
- Ansys spikes 12% after quarterly results, guidance higher than analyst estimates