Bentley Systems, Incorporated (BSY) Target Boosted At UBS Amid Strong Annual Recurring Revenue Momentum

Bentley Systems, Incorporated (NASDAQ:BSY) is among the 13 Best Big Tech Stocks to Buy According to Hedge Funds.

Bentley Systems, Incorporated (NASDAQ:BSY) is among the best technology stocks. 

TheFly reported on February 27 that UBS increased its price target for BSY from $40 to $43 while keeping a Neutral rating. The firm cited a boost from accelerating annual recurring revenue as a supportive factor for investors.

The fourth-quarter and full-year 2025 results of Bentley Systems, Incorporated (NASDAQ:BSY) were released on February 26. With subscription revenues increasing 13.0% to $356.6 million, the company's Q4 total revenues of $391.6 million were up 11.9% year over year. On a constant currency basis, annualized recurring revenues (ARR) rose by 11.5% to $1.462 billion.

Moreover, the net retention rate for the company's recurring revenue was 109%. The operating income margin increased to 20.0%, while the adjusted operating income margin, which does not include stock-based compensation, reached 24.1%. Adjusted EPS increased to $0.27, while net income per diluted share was $0.18. During the quarter, cash flow from operations came to $141.6 million, of which $136.2 million was free cash flow.

BSY made $1.502 billion for the entire year, of which $1.377 billion came from subscriptions. In comparison to 2024, operating margins, adjusted margins, net income per share, adjusted EPS, operating cash flow, and free cash flow all rose, demonstrating steady growth and year-round operational effectiveness.

Bentley Systems, Incorporated (NASDAQ:BSY) is a global software company providing solutions for infrastructure design, construction, and operations. Its products enable engineers, architects, and planners to improve project delivery, optimize asset performance, and advance digital twin technology for smarter, more sustainable infrastructure.

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