Cantor Fitzgerald upgraded Bentley Systems (BSY) to a "strong-buy" rating. The firm signals increased confidence in the infrastructure engineering software company's future.
The upgrade follows the company's recent quarterly earnings report and a series of commentaries from other research firms. Bentley Systems reported earnings of $0.35 per share. This figure topped consensus estimates. However, revenue slightly missed expectations.
Overall analyst sentiment for the company remains positive. Bentley Systems holds a consensus "Moderate Buy" rating.