Should I Buy BSY? BSY 2026 Analysis

Should You Buy Bentley Systems Inc (BSY) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

33.170

1 Day change

3.62%

52 Week Range

59.250

Analysis Updated At

2026/02/04

Should I buy Analysis is updated weekly. For real time "Should I Buy" analysis, please sign up to get free answers.

Intellectia Proprietary Trading Signals
- AI Stock Picker: no signal on given stock today.
- SwingMax: No signal on given stock recently.
Good buy right now (tactical buy): YES — price is extremely oversold (RSI_6 ~7.8) while sitting near key support, which favors a near-term rebound.
Options positioning is bullish (call-skewed), aligning with a bounce thesis.
Fundamentals and Street view remain broadly constructive (mostly Outperform/Overweight), despite multiple price-target cuts (tempered expectations).
Main reason to buy now: you’re getting an oversold entry near support ahead of the next clear catalyst (earnings on 2026-02-26 pre-market).

Technical Analysis

Trend: Bearish/downswing intact — moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5).
Momentum: MACD histogram -0.558 and negatively expanding → downside momentum still active.
Mean-reversion setup: RSI_6 7.828 = extremely oversold → statistically supports a snap-back/relief rally.
Levels (pre-market ~32.31):
- Resistance/pivot: 35.997 (reclaiming this would materially improve the tape)
- Nearby resistance: 39.062
- Support: 32.931 (price is below this level)
- Next support: 31.037 (key line to hold for the bounce thesis)
Pattern-based odds (provided): ~60% chance of modest upside (+2.03% next day; +2.81% next week).

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning/Sentiment: Put/Call OI ratio 0.15 = very call-heavy (bullish skew). Put/Call volume ratio 0.46 also favors calls.
Activity: Total volume 133 vs 5D avg 189.8 and 10D avg 333.9 → not a “panic capitulation” volume day in options; more like selective bullish positioning.
Volatility: IV30 35.37 vs historical vol 26.9; IV percentile 70.8 → options are relatively expensive, implying elevated expected move / demand for hedges or upside exposure.
Open interest: Calls OI 59,799 vs Puts OI 8,793 → strongly asymmetric toward calls.

Technical Summary

Sell

Buy

Positive Catalysts

- Next earnings catalyst: QDEC 2025 earnings on 2026-02-26 (pre-market); market looking for EPS est. 0.22.
- Fundamental momentum: Continued ARR-driven model and operating leverage (supported by strong Q3 growth).
- Analyst/Street narrative: Multiple firms cite durable growth and AI/enterprise adoption tailwinds; exposure to data centers and potential permitting reform themes (per BMO).
- Technical mean-reversion: Extremely oversold reading increases odds of a short-term bounce from the 31–33 support zone.

Neutral/Negative Catalysts

- Trend risk remains: MACD worsening and bearish MA stack indicate the broader downtrend is not yet “repaired.”
- Street expectations reset: Several price targets were cut materially (e.g., 60s down to low/mid-50s and 48), reflecting more conservative near-term assumptions.
- No fresh news flow in the past week → fewer immediate external catalysts until earnings.
- Flows/ownership signals: Hedge funds and insiders are neutral; no recent congress trading data available (no confirmed influential buying tailwind).

Financial Performance

Latest reported quarter: 2025/Q3
- Revenue: $375.549M, +12.05% YoY (healthy top-line growth)
- Net income: $57.359M, +35.55% YoY (strong profitability expansion)
- EPS: $0.18, +38.46% YoY
- Gross margin: 78.61%, +0.58 YoY (already-high margin improving)
Takeaway: Growth plus improving profitability supports the longer-term bull case even while the chart is currently weak.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent rating trend: Predominantly bullish — Outperform/Overweight across BMO, Oppenheimer, Baird, RBC, Piper; JPMorgan is Neutral.
Price target trend (important): Clear downward revisions into early 2026:
- Oppenheimer: $65 → $53 (Outperform)
- Baird: $62 → $55 (Outperform)
- RBC: $65 → $48 (Outperform)
- JPMorgan: $56 → $51 (Neutral)
- BMO initiation: Outperform, $48
Wall Street pros: Durable growth model, strong margins, improving profitability, credible AI/enterprise tailwinds, potential macro/policy tailwinds.
Wall Street cons: Valuation/support for targets moderated; near-term macro sensitivity and the market’s “AI disruption” narrative can pressure multiples; several targets cut suggests less near-term upside conviction than before.

9 Analyst Rating

Wall Street analysts forecast BSY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSY is 55.43 USD with a low forecast of 47 USD and a high forecast of 65 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Buy

2 Hold

0 Sell

Strong Buy

Current: 32.010

Low

Averages

55.43

High

Current: 32.010

Low

Averages

55.43

High

BMO Capital

Outperform

initiated

$48

AI Analysis

2026-01-22

Reason

BMO Capital

Price Target

$48

AI Analysis

2026-01-22

initiated

Outperform

Reason

BMO Capital initiated coverage of Bentley Systems with an Outperform rating and $48 price target. The firm says the company offers an "intriguing mix" of durable growth opportunities with exposure to data centers and lower relative near-term AI disruption risk. Bentley has potential near-term catalysts from "reasonable" construction read-through data exiting 2025 and possible U.S. permitting reform, the analyst tells investors in a research note.

Oppenheimer

Kristen Owen

Outperform

downgrade

$65 -> $53

2026-01-20

Reason

Oppenheimer

Kristen Owen

Price Target

$65 -> $53

2026-01-20

downgrade

Outperform

Reason

Oppenheimer analyst Kristen Owen lowered the firm's price target on Bentley Systems (BSY) to $53 from $65 and keeps an Outperform rating on the shares. The firm notes that the run-up to Q4 2025 earnings season has seen a flurry of macro factors impacting stocks in its Industrial Efficiency coverage, including rate cut dynamics, the Venezuela-U.S. military confrontation, and the Nvidia (NVDA) Vera Rubin platform launch. Investor sentiment has improved materially for short-cycle and equipment-focused names, while cooling on data center-exposed stocks. Many industrial verticals have stabilized, and rate cuts, lapping tariff headwinds, OBBBA benefits, and additional prospective measures ahead of midterms could lend to broader recovery; some of this optimism arguably reflects in recent market moves, Oppenheimer adds.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for BSY

Unlock Now

BSY Should I Buy

BSY Should I Buy

Should You Buy Bentley Systems Inc (BSY) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

People Also Watch