BMO Capital initiated coverage of Bentley Systems (BSY) with an Outperform rating and $48 price target The firm says the company offers an “intriguing mix” of durable growth opportunities with exposure to data centers and lower relative near-term AI disruption risk. Bentley has potential near-term catalysts from “reasonable” construction read-through data exiting 2025 and possible U.S. permitting reform, the analyst tells investors in a research note.
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