BNP Paribas initiated coverage of Bentley Systems with an Outperform rating and a $40 price target on June 18, 2026. Analyst Andrew DeGasperi highlighted the company's strong defensibility against frontier AI models, citing low software penetration in its core markets of civil infrastructure, energy exploration, and resource mining, along with limited competition. BofA also reinstated coverage with a Buy rating and a $40 price target, describing Bentley as a defensive play against AI due to structural barriers like embedded compliance and regulatory requirements. Bentley Systems stock is down nearly 20% so far in 2026, while about 80% of covering analysts remain bullish.
Bentley Systems IncBNP Paribas initiated coverage with Outperform rating and $40 price target, and BofA also reinstated with Buy rating and $40 target.
BNP Paribas SA