NASDAQ: BSY

Bentley Systems (BSY) Stock Analysis & Forecast

Sep 28 close

$31.29−0.15 (−0.5%)

Gekko Brief

AI summary

A page dated 23 September revisits Bentley Systems' infrastructure engineering software business alongside its analyst ratings and key financial metrics. Among the coverage, 7 firms rate the stock a buy and 1 a hold, with a consensus target of $43.93 and consensus upside of 40.4%.

BSY closed at $31.29, down 0.5% on the day, sitting below both its 50-day average of $34.19 and its 200-day average of $34.73. The stock is down 16.8% over one month, up 5.3% over three months, down 10% over six months and down 40% over one year, within a 52-week range of $28.08 to $57.25. The GekkoIndex reads 65.8, placing BSY in the Accumulation zone, while price sits 18.2% below Gekko Fair Value of $38.27.

The next earnings report is due 4 November 2026, before the open, 36 days out and beyond a typical 20-trading-day hold. The prior report, on 6 August 2026, showed EPS of $0.28 against a $0.28 estimate and a -2.3% reaction, with beats in 3 of the last 8 quarters and an average absolute reaction of 5.3%. No insider, Congress or unusual options activity appears in the recent windows. Seasonally, the 20 trading days following this point in the calendar have averaged a 0.4% return over the past 5 years, positive in 2 of them.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Bentley Systems price vs fair value

$38.27$31.29Sep ’25Mar ’26Sep ’26
Close $31.29200-day averageGekko Fair Value $38.27

Bentley Systems quick facts

Market cap
$9.15B
P/E ratio
34.9
Forward P/E
20
EPS, TTM
$0.90
Revenue, TTM
$1.60B
Profit margin
18.1%
Dividend yield
0.88%
Beta
0.98
Volume
2.22M avg 2.67M
1-year return
−40.0%
Typical daily move
±3.6%
Typical 20-day move
±5.7%
50-day average
$34.19
200-day average
$34.73
Next earnings
Nov 4 before open
Shares outstanding
290.6M
52-week range
$28.08$57.25

Bentley Systems swing-trade checklist

Bentley Systems scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendheadwind

    Below 50 and 200-day

    Close $31.29 is below the 50-day ($34.19) and 200-day ($34.73) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    65.8, Accumulation

    Reading 65.8 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    18.2% below

    Price is 18.2% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 36 days

    Next report Nov 4, 2026, 36 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitymixed

    +0.4% on average

    From this point in the calendar, the next 20 trading days averaged +0.4% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Bentley Systems stock chart and price history

Bentley Systems closed at $31.29 on Sep 28, 2026, −40.0% over the past year, inside a 52-week range of $28.08 to $57.25.

Close50-day average200-day averageVolume
Bentley Systems share price, past year, with 50-day and 200-day moving averages and volume$40$50NovDecJan 2026FebMarAprMayJunJulAugSep31.29

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−16.8%
3 months
+5.3%
6 months
−10.0%
1 year
−40.0%
The full BSY chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open BSY in Gekko

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Bentley Systems GekkoIndex: the smart money zone

Bentley Systems’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 65.8, in the Accumulation zone, down 2 points over five sessions.

010065.8Accumulation

Down 2 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying44+0.5%+0.9%+1.2%+1.8%
Accumulation (current zone)296+0.1%−0.3%−1.3%−3.7%
Neutral286−0.8%−1.2%−1.3%−2.3%
Distribution43+0.8%+1.1%+1.1%+2.3%
Selling3Too few readings yet

Average BSY share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the BSY price, zone by zone.Track BSY in Gekko

Is Bentley Systems stock overvalued? Gekko Fair Value

Bentley Systems trades 18.2% below Gekko Fair Value of $38.27, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Bentley Systems shares are worth, recalculated every trading day.

$38.27

Gekko Fair Value, Sep 29, 2026

18.2% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open BSY in Gekko

Bentley Systems insider and Congress trading

No open-market insider purchases were filed for Bentley Systems, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for BSY in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every BSY insider filing, plotted on the chart in Gekko.Open BSY in Gekko

Congress trades last 90 days

No trades in BSY were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for BSY, plotted on the chart in Gekko.Open BSY in Gekko

Buybacks

Bentley Systems has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$70.83M
As a share of market cap
0.77%
Trailing four quarters
$235.9M

From company filings.

Bentley Systems earnings: next date and track record

Bentley Systems reports on Nov 4, 2026, before the open (36 days away), and beat the EPS estimate in 3 of its last 8 reports.

3 of 8reports beat the EPS estimate
±5.3%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

−2.7%Nov ’24−3.6%Feb ’25+7.5%May ’25−6.2%Aug ’25−5.1%Nov ’25+12.5%Feb ’26+2.2%May ’26−2.3%Aug ’26

Last earnings call, Aug 6, 2026 AI summary

What they said
Bentley Systems reported a strong Q2 2026 with continued double-digit growth driven by subscription revenue and momentum in Resources (mining) and Public Works/Utilities (including electric grid). Management emphasized the durability of recurring revenue (LTM recurring revenues $1.486B, 93% of total; account retention 99%, NRR 109%), subscription-led growth (92% of revenue), and solid first-half performance (Q2 revenue $411M, +12.8% YoY; H1 revenue +13.6%). The company highlighted AI as a strategic priority: launching its infrastructure AI initiative, deploying MCP servers to integrate LLM assistance with deterministic engineering applications, and pursuing an “open” hybrid AI approach enabling third-party models and sovereign compute options. Management plans to focus first on adoption, exploration and validation of AI workflows before monetization and is evaluating new commercial models (machine/API consumption and agentic monetization). They reiterated investment priorities in R&D (AI, Bentley Open Applications, Bentley Infrastructure Cloud) and go-to-market to cut through AI market noise. Management expressed confidence in meeting full-year free cash flow outlook; timing and working capital dynamics explained H1 softness and they expect the second half to generate the bulk of cash flow. They signaled potential M&A (Asset Analytics priority and resource-related targets) to help reach the upper end of growth ranges.
Guidance
- Expectation to sustain dependable double-digit growth; management sees momentum to reach upper end of their growth range but said an acquisition and large Asset Analytics deals would help reach the top end. - Free cash flow outlook: on track to meet full-year free cash flow guidance; H1 represented ~47% of the full-year outlook and management expects 50%–55% of full-year cash flow to be generated in H2. They noted timing/working capital effects and expect second-half cash flow margin expansion to achieve the full-year target. - Management reiterated intent to grow R&D and go-to-market investments to support AI adoption; no specific revenue/ARR numeric guidance provided for FY27 in this call.
Risks flagged
- Need for large, lumpy Asset Analytics deals and/or acquisitions to hit the upper end of growth targets (execution and timing risk). - Uncertainty and timing of permitting reform in the U.S. could affect PLS-related acceleration. - Increased investments (R&D, sales & marketing) and early-year timing of collections/working capital can pressure near-term margins and cash flow timing. - Competitive AI noise and potential entrants (Prometheus, other models) could alter the competitive landscape, although management believes core infrastructure use cases are differentiated. - Monetization model for AI-driven machine consumption is still being validated; timing and commercialization risk exists.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 6, 2026$0.28
est $0.28
0.0%$410.7M
est $412.1M
−0.3%−2.3%
May 7, 2026$0.38
est $0.36
+5.6%$424.2M
est $419.8M
+1.0%+2.2%
Feb 26, 2026$0.22
est $0.22
0.0%$391.6M
est $381.8M
+2.6%+12.5%
Nov 5, 2025$0.27
est $0.27
−1.7%$375.5M
est $369.8M
+1.6%−5.1%
Aug 6, 2025$0.32
est $0.28
+12.3%$364.1M
est $363.6M
+0.1%−6.2%
May 7, 2025$0.35
est $0.30
+16.7%$370.5M
est $366.3M
+1.2%+7.5%
Feb 26, 2025$0.21
est $0.22
−4.2%$349.8M
est $350.4M
−0.2%−3.6%
Nov 7, 2024$0.24
est $0.24
0.0%$335.2M
est $340.4M
−1.5%−2.7%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Bentley Systems stock forecast and analyst price targets

Analysts’ average 12-month price target for Bentley Systems is $43.93, +40.4% from the last close, from 8 firms rating the stock in the last 90 days.

$43.93consensus 12-month target, +40.4% from the last close
Low $37High $50
Buy7
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 8 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 14Cantor FitzgeraldBuy, initiated$37+18.2%
Sep 8BarclaysHold, maintained$40+27.8%
Aug 10Rosenblatt SecuritiesBuy, reiterated$50+59.8%
Aug 7BMO CapitalBuy, maintained$43+37.4%
Aug 7Bank of America SecuritiesBuy, maintained——
−1.3%average 20-day move after past Accumulation readings
+0.4%average move over the next 20 trading days in the last 5 years
±3.6%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Bentley Systems seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Bentley Systems averaged +0.4% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

−3.9%2021+12.1%2022−3.6%2023−3.8%2024+0.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+3.2%3 of 5
Next 10 trading days−0.1%2 of 5
Next 15 trading days+0.1%1 of 5
Next 20 trading days+0.4%2 of 5
Next 30 trading days+1.3%2 of 5

For scale, BSY’s typical 20-trading-day move in either direction is about 5.7%.

Bentley Systems market cap and key statistics

Bentley Systems’s market cap is $9.15B, with a P/E ratio of 34.9 and revenue of $1.60B over the last twelve months.

Valuation

Market cap
$9.15B
P/E ratio
34.9
Forward P/E
20
EPS, TTM
$0.90
Gekko Fair Value
$38.27

Trading

Volume
2.22M
Avg volume, 20 days
2.67M
52-week high
$57.25
52-week low
$28.08
Shares outstanding
290.6M

Financials

Revenue, TTM
$1.60B
Profit margin
18.1%
Return on equity
24.5%
Quarterly earnings growth, YoY
+14.8%

Risk and income

Beta
0.98
Typical daily move
±3.6%
Typical 20-day move
±5.7%
Dividend yield
0.88%

Bentley Systems stock news this week

1 headline about Bentley Systems from the past week, newest first, each linking to the publisher.

Bentley Systems peers

Bentley Systems’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
IBMInternational Business Machines−0.8%Accumulation16.1% below
FTNTFortinet+3.3%Neutral32.5% above
NETCloudflare+4.3%Neutral22.9% above
ACNAccenture+0.6%Neutral9.7% below
WDAYWorkday+2.3%Neutral13.2% above
CRDOCredo Technology−6.5%Neutral19.0% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Bentley Systems stock FAQ

What is Bentley Systems’s market cap?

Bentley Systems’s market cap is $9.15B at the Sep 28, 2026 close of $31.29, with 290.6M shares outstanding. The shares trade on a P/E ratio of 34.9.

What is the Bentley Systems stock forecast?

The consensus analyst 12-month price target for Bentley Systems is $43.93, +40.4% from the last close. Of the 8 firms that rated the stock in the last 90 days, 7 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Bentley Systems stock overvalued or undervalued?

On Gekko’s estimate Bentley Systems is undervalued: the Sep 28, 2026 close of $31.29 is 18.2% below Gekko Fair Value of $38.27. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Bentley Systems report earnings next?

Bentley Systems is expected to report on Nov 4, 2026, before the market opens (36 days away). Analysts expect earnings of $0.34 per share on revenue of $420.6M. Bentley Systems beat the earnings estimate in 3 of its last 8 reports, moving 5.3% on average across the report.

What is Bentley Systems’s 52-week high and low?

Bentley Systems’s 52-week high is $57.25 and its 52-week low is $28.08; it closed at $31.29 on Sep 28, 2026, −40.0% over the past year. Over the last five years the shares peaked at $62.37 on Sep 29, 2021.

Is Bentley Systems stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and earnings risk), 1 as mixed (seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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