Core Viewpoint - Bentley Systems, Incorporated (NASDAQ:BSY) is viewed as a promising growth stock, although recent price target reductions by analysts indicate a cautious outlook for the company in the near term [1][2]. Analyst Price Target Adjustments - Barclays analyst Guy Hardwick reduced the price target for Bentley Systems from $57 to $47 while maintaining an 'Equal Weight' rating, reflecting a revised outlook for industrial technology and distribution in 2026 [1]. - RBC Capital's Matthew Hedberg also lowered the price target from $65 to $48, keeping an 'Outperform' rating, indicating a more optimistic view despite the price cut [2]. Industry Outlook - The year 2026 is anticipated to be significant for companies with strong enterprise AI adoption, as AI-related growth drivers are expected to become more apparent, while less-prepared companies may struggle [3]. - Despite conservative management guidance for early 2026, enterprise spending is showing signs of stabilization and improvement in certain sectors, driven by innovations powered by Generative AI [3]. Company Overview - Bentley Systems, Incorporated is a Pennsylvania-based provider of infrastructure engineering software solutions, established in 1984, and is dedicated to delivering innovative software and services [4].