Bentley Systems: Rating Upgrade On Cheaper Valuation And Positive Growth Outlook

Following my coverage on Bentley Systems (NASDAQ: BSY ) in July 2024, in which I reiterated my hold rating due to my uncertainty about the near-term earnings performance and my concerns regarding the high valuation BSY tradedI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity ...