Bullish Case: CEO transition brings innovation potential and new strategies that could re-ignite investor interest. Sustained ARR growth and confidence from institutional investors could drive BSY higher.


Bearish Case: Market's flat term structure and competition pose risks. The recent executive shuffle may cause uncertainty, potentially affecting short-to-medium-term performance.


Potential Outcomes:

1) Positive CEO transition impact and ARR growth momentum continue (40%).

2) Market uncertainty dampens sentiment causing price volatility (35%).

3) Competitive pressure leads to dips (25%).


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April 13, 2024


Bentley Systems Forecast

BSY        Bentley Systems
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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