Bentley Systems price target lowered to $40 from $60 at UBS

UBS lowered the firm’s price target on Bentley Systems (BSY) to $40 from $60 and keeps a Neutral rating on the shares. Customer feedback was broadly constructive for Bentley, with no signs of near-term deterioration and indications that CY26 guidance could resemble initial CY25 outlooks, largely in line with expectations, the analyst tells investors in a research note.