BSY Price Prediction Next Week
Technical Analysis
- RSI (14) at 43.07 indicates neutral territory but slightly bearish bias
- MACD showing slight bearish divergence with -0.04
- Price trading below all major moving averages (5,10,20,60,200,250)
- Currently trading near lower Bollinger Band (44.72), suggesting oversold conditions
News Impact
- Recent appointment of James Lee as COO from Google is positive for operational excellence and Asian market expansion
- Strong fundamentals with growing annual recurring revenue and high customer retention rates
- Company benefits from infrastructure digitization trends and has strong earnings visibility
Price Prediction for Next Week Based on technical indicators and Fibonacci levels:
- Resistance levels: $47.51 (R1), $48.05 (R2)
- Support levels: $45.74 (S1), $45.20 (S2)
- Current price: $44.83
Forecast:
- Most likely scenario (60% probability): Bounce from oversold conditions toward first resistance at $47.51
- Target range: $45.74-$47.51
- Stop loss: $44.31 (S3 Fibonacci level)
Recommendation: BUY
- Entry point: Current price ($44.83)
- Technical indicators suggest oversold conditions
- Strong fundamental backdrop
- Positive management changes
- Set stop loss at $44.31
BSY Similar Chart Price Prediction
The price of BSY is predicted to go up -0.47%, based on the high correlation periods with AXIL. The similarity of these two price pattern on the periods is 92.57%.
BSY
AXIL
Down: -0.47%Similarity: 92.57%
BSY Revenue Forecast
BSY EPS Forecast
BSY FAQs
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BSY VS S&P500
Bentley has a strong competitive position in its niche territory and should grow its business nicely as a result.
Bentley's rate of conversions from licenses to subscriptions could pick up more than we expect, adding greater potential to the top line as subscriptions better enable upselling.
Bentley's GAAP operating margins could reach the 30% plus range within five years if advertising and marketing expenses undergo even greater operating leverage than we expect-thanks to top-line scale.
BSY Analyst's Forecast
Clarke Jeffries
Piper Sandler
Buy
2025-01-08
Price Target
$65 → $57
Upside
+21.95%
Piper Sandler lowered the firm's price target on Bentley Systems to $57 from $65 and keeps an Overweight rating on the shares. The firm believes 2025 ARR growth will upside consensus, but thinks its bullish mid-teens annual recurring revenue scenario is unlikely to transpire in 2025.
Alexei Gogolev
JP Morgan
Hold
2024-12-09
Price Target
$52
Upside
+7.13%
