Aspen Technology, Inc. (AZPN – Research Report) received a Hold rating and a $210.00 price target from Berenberg Bank analyst Nay Soe Naing on January 27. The company’s shares closed last Friday at $190.75.
According to TipRanks, Soe Naing is a 3-star analyst with an average return of 10.2% and a 65.00% success rate. Soe Naing covers the Technology sector, focusing on stocks such as Autodesk, PTC, and Aspen Technology, Inc..
Aspen Technology, Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $216.20, a 13.34% upside from current levels. In a report released on January 26, Robert W. Baird also reiterated a Hold rating on the stock with a $202.00 price target.
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Based on Aspen Technology, Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $242.84 million and a GAAP net loss of $66.2 million. In comparison, last year the company earned a revenue of $171.36 million and had a net profit of $61.86 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AZPN in relation to earlier this year. Last month, Hammond F G, the SVP & GC of AZPN sold 2,495.00 shares for a total of $558,256.25.
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Aspen Technology is a leading global supplier of software solutions that optimize asset design, operations, and maintenance in complex industrial environments. The company’s AspenOne software platform helps improve process-oriented plant efficiency, and thereby lower capital intensity, increase working capital efficiency, and improve margins. Aspen was founded in 1981 and serves more than 2,300 customers in 32 countries.
Read More on AZPN:
- Aspen Technology price target lowered to $230 from $255 at Loop Capital
- Aspen Technology price target lowered to $202 from $224 at Baird
- Aspen Technology price target lowered to $244 from $280 at KeyBanc
- Aspen Technology price target lowered to $195 from $240 at Piper Sandler
- Aspen Technology raises FY23 EPS view to $6.83-$7.43 from $6.76-$6.91
