During the last three months, 6 analysts shared their evaluations of Bentley Systems (NASDAQ:BSY), revealing diverse outlooks from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

	Bullish	Somewhat Bullish	Indifferent	Somewhat Bearish	Bearish
Total Ratings	0	3	3	0	0
Last 30D	0	0	1	0	0
1M Ago	0	0	0	0	0
2M Ago	0	3	2	0	0
3M Ago	0	0	0	0	0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $46.83, along with a high estimate of $53.00 and a low estimate of $40.00. Experiencing a 23.73% decline, the current average is now lower than the previous average price target of $61.40.

Investigating Analyst Ratings: An Elaborate Study

The analysis of recent analyst actions sheds light on the perception of Bentley Systems by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst	Analyst Firm	Action Taken	Rating	Current Price Target	Prior Price Target
Taylor McGinnis	UBS	Lowers	Neutral	$40.00	$60.00
Daniel Jester	BMO Capital	Announces	Outperform	$48.00	-
Kristen Owen	Oppenheimer	Lowers	Outperform	$53.00	$65.00
Clarke Jeffries	Piper Sandler	Lowers	Neutral	$45.00	$60.00
Guy Hardwick	Barclays	Lowers	Equal-Weight	$47.00	$57.00
Matthew Hedberg	RBC Capital	Lowers	Outperform	$48.00	$65.00

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Bentley Systems. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Bentley Systems compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Bentley Systems's stock. This analysis reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Bentley Systems's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Bentley Systems analyst ratings.

Get to Know Bentley Systems Better

Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges. While Bentley is smaller than many other design software companies, it is a market leader across a handful of specialty areas, including public works, electricity grids, and transit.

Key Indicators: Bentley Systems's Financial Health

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Bentley Systems displayed positive results in 3M. As of 30 September, 2025, the company achieved a solid revenue growth rate of approximately 12.05%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.27%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Bentley Systems's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.87%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.67%, the company showcases effective utilization of assets.

Debt Management: Bentley Systems's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.07, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

What Are Analyst Ratings?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.