Monday, 2 October 2023

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Bell Potter Remains a Hold on Altium (ALMFF) – TipRanks Financial Blog

Elastic (ESTC) Receives a Rating Update from a Top Analyst – TipRanks Financial Blog

Bell Potter analyst Chris Savage maintained a Hold rating on Altium (ALMFFResearch Report) today and set a price target of A$44.00. The company’s shares closed last Thursday at $30.29.

According to TipRanks, Savage is an analyst with an average return of -2.5% and a 39.66% success rate. Savage covers the Technology sector, focusing on stocks such as PointsBet Holdings Ltd., Integrated Research Limited, and Altium.

Altium has an analyst consensus of Moderate Buy, with a price target consensus of $28.39.

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The company has a one-year high of $32.14 and a one-year low of $21.12. Currently, Altium has an average volume of 962.

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Altium Ltd. engages in developing and selling of computer software for the design of electronic products. It operates through the following segments: Board and Systems; Micro-Controllers and Embedded Systems; and Makers and Content. The Board and Systems segment includes results from PCB business for the americas, EMEA, asia pacific and emerging Markets regions as well as other products sold through partner channels. The Micro-Controllers and Embedded Systems segment comprises of results from tasking sales, operations and research and development. The Makers and Content segment covers the results from Octopart. The company was founded by Nicholas Martin in 1985 and is headquartered in Chatswood, Australia.

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