Bentley Systems price target raised to $50 from $49 at Oppenheimer

Oppenheimer analyst Kristen Owen raised the firm’s price target on Bentley Systems (BSY) to $50 from $49 and keeps an Outperform rating on the shares. The firm notes the company delivered a solid Q1, topping top- and bottom-line consensus estimates. While acknowledging macro caution, end markets broadly remain constructive, as global investment in infrastructure has been largely spared, even prioritized in certain regions, Oppenheimer adds.