ANSYS: Upgrading To Buy Based On Valuation And 2022 Guidance

May 17, 2022 2:09 AM ETANSYS, Inc. (ANSS) StockANSS7 Comments
WideAlpha
5.8K Followers

Summary

  • We are upgrading ANSYS to 'Buy' based on increased guidance for the fiscal year 2022 and a much more reasonable share price.
  • Several valuation ratios are now close to their 10-year average after having risen to unrealistic levels.
  • We believe long-term investors purchasing shares at current prices can realistically expect an ~8-9% return on their investment.
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We are upgrading our rating on ANSYS (NASDAQ:ANSS) to 'Buy' after recently covering the company and being bearish on the shares. We are upgrading mostly based on valuation, but also thanks to attractive growth guidance provided by the company for this year.

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