Bentley Systems initiated with an Equal Weight at Barclays

Barclays initiated coverage of Bentley Systems (BSY) with an Equal Weight rating and $57 price target The company is investing in agentic AI, where it sees considerable interest from its civil engineering client base, with potentially significant productivity benefits for E&C firms, the analyst tells investors in a research note. The firm noted, however, it is Equal Weight given limited share price appreciation potential relative to its other software coverage.