ANSS Stock: $400 Target By Bank Of America

By Amit Chowdhry ● April 12, 2021
  • The shares of ANSYS, Inc. (NASDAQ:ANSS) have received a $400 target by Bank of America. These are the details.

The shares of ANSYS, Inc. (NASDAQ:ANSS) have received a $400 target by Bank of America. And Bank of America analyst Andrew Obin initiated shares of ANSS with a “Buy” rating.

Obin noted that ANSYS is considered a way to invest in “accelerated growth in digitization and re-shoring of U.S. manufacturing.” And Obin also pointed out that the company’s subscription-based model and unique technology stock have driven 550 bps of market outgrowth in the past 5 years.

Plus Obin also pointed out that Ansys combines solid revenue growth and “above average EBITDA margin and returns,” along with the duration of the “competitive advantage in simulation software.” 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.