What this broker thinks of the Altium (ASX:ALU) share price

The Altium Ltd (ASX: ALU) share price struggled to make headway in 2020, closing 5.4% lower for the year. On 7 January 2021, however, financial advisory firm Bell Potter upgraded Altium shares from sell to hold. But at the same time, Bell Potter also lowered its Altium share price target from $33.75 to $32.50.

Here’s why the broker thinks 2021 could be another flat year for Altium shares. 

Altium overview 

Altium develops and sells software and hardware for the design and development of electronic products. The company provides the printed circuit board (PCB) market with three core products. These are Altium Designer, software for designing PCBs, Nexus, a collaborative cloud-enabled PCB design solution, and Octopart, an…