
Bentley Systems (BSY) Stock Forecast & Price Target
Bentley Systems (BSY) Analyst Ratings
Bulls say
Bentley Systems is showing a promising outlook with a projected services revenue growth of 15-20% in constant currency, indicating a recovery from previous challenges faced in the professional services sector. The company's annual recurring revenue (ARR) reached $1,462 million, reflecting an 11.5% year-over-year increase in constant currency, with consistent sequential growth averaging around 3% over the last 15 quarters. Additionally, Bentley is expected to benefit from robust organic growth driven by increased infrastructure project activity, particularly in the U.S., along with strong subscription program performance and strategic reinvestments that have enhanced operating leverage.
Bears say
The negative outlook on Bentley Systems's stock is supported by a 21% share retreat since October, driven largely by disappointing net new annual recurring revenue (ARR) results in Q3. Projections indicate that, while ARR growth may stabilize around 10% in 2026, the company’s ability to pivot towards improved profitability appears weaker compared to its peers in the vertical software sector. Additionally, lower estimates over a five-year horizon and a reduced terminal free cash flow multiple reflect growing concerns regarding the company's long-term financial performance.
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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