Altair Engineering (NASDAQ:ALTR) Receives Sector Perform Rating from Royal Bank of Canada

Altair Engineering NASDAQALTR is a software company that provides engineering design and optimization solutions for various industries such as aerospace, automotive, and energy. The company's products and services help customers improve their product performance, reduce costs, and accelerate innovation.

On Friday morning, Royal Bank of Canada published a research report on Altair Engineering NASDAQALTR, reaffirming its sector perform rating on the software's stock. This means that the bank believes that the company's stock is performing well within its industry and has the potential for continued growth.

In addition to Royal Bank of Canada, several other equities analysts have also issued reports on Altair Engineering NASDAQALTR. JPMorgan Chase & Co., a multinational investment bank and financial services company, initiated coverage on the stock with an overweight rating. This indicates that the bank believes that the stock is undervalued and has the potential for outperformance.

The research report from Royal Bank of Canada also includes a price target of $90.00 on Altair Engineering NASDAQALTR's stock. This suggests that the bank believes that the stock is currently trading at a discount to its intrinsic value and has the potential for appreciation in the near term.

Overall, the reports from Royal Bank of Canada and JPMorgan Chase & Co. suggest that Altair Engineering NASDAQALTR is a well-positioned company with strong growth prospects and a favorable outlook from the investment community.