ANSYS (ANSS) Stock: $437 Price Target From Credit Suisse

By Amit Chowdhry ● Nov 23, 2021
  • The shares of ANSYS, Inc. (NASDAQ: ANSS) have received a price target of $437 from Credit Suisse. These are the details.

The shares of ANSYS, Inc. (NASDAQ: ANSS) have received a price target of $437 from Credit Suisse. And Credit Suisse analyst John Walsh increased the company price target from $381 while maintaining an “Outperform” rating on the shares.

Walsh pointed out that the company noticeably increased its annual contract value (ACV) guidance as the company has been seeing momentum with small- and medium-sized businesses along with enterprise customers. Plus Walsh noted that the company was not impacted by supply chain as its sales are tied to customers R&D spend versus manufacturing.

Going forward, Walsh is excited to see simulation move beyond validation and into the design phase.

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