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The Motley Fool Australia has recommended Adobe Systems and Autodesk. owns shares of and recommends Adobe Systems, Altium, and Autodesk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. Lina Lim has no position in any of the stocks mentioned. ASX 200 up 0.8%: CBA storms higher, Link sinks, tech shares rise.2 high quality ASX growth shares to buy today.3 mid cap shares hitting 1-month lows on the ASX today.See how you can find out the name of this stock Returns as of 6th October 2020 Find out how you can access what could be the NEXT Afterpay today! One little-known Australian IPO has doubled in value since January, and renowned Australian Moonshot stock picker Anirban Mahanti sees a potential millionaire-maker in waiting…īecause ‘Doc’ Mahanti believes this fast-growing company has all the hallmarks of genuine Moonshot potential, forget ‘buy now pay later’, this stock could be the next hot stock on the ASX.ĭoc and his team have published a detailed report on this tiny ASX stock. This Tiny ASX Stock Could Be the Next Afterpay Bell Potter described its Altium share price target as a modest premium to the current share price, hence upgrading its rating from sell to hold.Īt the time of writing, the Altium share price is trading at $31.88, up 0.44% for the day so far. Bell Potter’s reduction was driven by the recent fall in the share prices of most of Altium’s listed peers. While there were no changes in Altium’s earnings forecasts, Bell Potter decreased its Altium share price target by 4% from $33.75 to $32.50. A risk for Altium is a further downturn in one or both of the economies in Europe and the United States, as these two regions combined represent approximately 80% of Altium’s sales. Altium targets the global PCB market and the future condition of the global economy will therefore impact the company and its growth. One of the key risks that both Altium and Bell Potter acknowledge is the health of the global economy. These include foreign currency fluctuations in the USD/EUR exchange rate and increased competition. Key risksĪ number of downside risks for Altium emerged in Bell Potter’s research report. This transformation, however, is not guaranteed and is likely to be met with resistance from incumbent operators in areas such as electronics manufacturing and parts supply chains. Altium is attempting to drive this transformation by creating market dominance in its key market of electronic design.
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It sees this switch as a risk that could negatively impact Altium’s financial results in the short to medium term, as has occurred for other software companies which made this switch such as Adobe Inc and Autodesk Inc.īell Potter’s research report also highlights the key to Altium’s long-term success as being industry transformation.
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Rating upgrade from sell to holdīell Potter’s investment thesis for Altium is based on the company’s switch of its software from being based on-premise to being delivered via the cloud. According to Bell Potter’s data, sourced from PCB Market Trends, Altium has an estimated market share of 26%. These are Altium Designer, software for designing PCBs, Nexus, a collaborative cloud-enabled PCB design solution, and Octopart, an electronics parts search engine.Īltium is one of the largest providers of PCB design software globally. The company provides the printed circuit board (PCB) market with three core products. Altium overviewĪltium develops and sells software and hardware for the design and development of electronic products. Here’s why the broker thinks 2021 could be another flat year for Altium shares. But at the same time, Bell Potter also lowered its Altium share price target from $33.75 to $32.50.
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On 7 January 2021, however, financial advisory firm Bell Potter upgraded Altium shares from sell to hold. The Altium Ltd (ASX: ALU) share price struggled to make headway in 2020, closing 5.4% lower for the year. Mixed opinions on asx share price represented by two hands, one with thumb up and the other with thumb down.