
Bentley Systems (BSY) Stock Forecast & Price Target
Bentley Systems (BSY) Analyst Ratings
Bulls say
Bentley Systems reported a robust Q3 subscription revenue of $344.3 million, marking a 14% year-over-year increase, which reflects the strong demand for engineering tools amid healthy global infrastructure project activity. The company's annual recurring revenue (ARR) reached $1.405 billion, achieving a 10.5% year-over-year growth in constant currency, driven by the ongoing adoption of its E365 subscription program and sustained market demand in its core U.S. market. Additionally, Bentley's overall revenue for the quarter grew by 12% to $375.5 million, accompanied by improved EBITDA margins of 27.7%, indicating effective cost management and operational efficiency.
Bears say
Bentley Systems's financial outlook is negatively impacted by stagnant services revenue, which remains flat quarter-over-quarter and is projected to fall $5 million short of previous guidance due to ongoing issues related to IBM Maximo work. While the company reported total revenue of $375.5 million, exceeding estimates, its professional services revenue and perpetual licenses have shown disappointing results, adding pressure to overall performance. Furthermore, a reduction in future growth expectations, alongside a lowered terminal free cash flow multiple, underscores concerns about the company’s growth trajectory in an increasingly competitive market.
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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