Is Bentley Systems, Incorporated (BSY) Being Reset for 2026?

Bentley Systems, Incorporated (NASDAQ:BSY) is among the most promising growth stocks according to analysts. On January 12, Guy Hardwick, an analyst at Barclays, cut the price target on Bentley Systems, Incorporated (NASDAQ:BSY) to $47 from $57, while keeping an ‘Equal Weight’ rating on the stock. According to TheFly, this downward revision is part of the firm’s revised outlook for industrial technology and distribution in 2026. The firm remains optimistic about the group, forecasting growth drivers in end markets, including data centers, warehouse automation, electronics, and semiconductors.

Earlier on January 5, Matthew Hedberg from RBC Capital also trimmed the price target on Bentley Systems, Incorporated (NASDAQ:BSY) to $48 from $65 and maintained an ‘Outperform’ rating.

As stated in the research note, 2026 is expected to be a year when AI tailwinds become clearer for companies with a solid standing in enterprise AI adoption, while less-prepared companies could continue to face pressure from the “AI is the death of software” narrative. With GenAI powering innovation, enterprise spending seems to be stabilizing and improving in select areas, despite management’s conservative guidance for early 2026.

Bentley Systems, Incorporated (NASDAQ:BSY) is a Pennsylvania-based provider of infrastructure engineering software solutions. Founded in 1984, the company is committed to providing innovative software and services.

While we acknowledge the potential of BSY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.