Piper Sandler analyst Clarke Jeffries reiterated a Hold rating on Aspen Technology, Inc. (AZPN – Research Report) today and set a price target of $180.00. The company’s shares closed yesterday at $171.79.
According to TipRanks, Jeffries is an analyst with an average return of -13.5% and a 24.36% success rate. Jeffries covers the Technology sector, focusing on stocks such as EverCommerce, Aspen Technology, Inc., and Trimble.
Aspen Technology, Inc. has an analyst consensus of Hold, with a price target consensus of $184.67, a 7.50% upside from current levels. In a report released today, Loop Capital Markets also maintained a Hold rating on the stock with a $180.00 price target.
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Based on Aspen Technology, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $187.75 million and a net profit of $88.75 million. In comparison, last year the company earned a revenue of $162.73 million and had a net profit of $78.55 million
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Aspen Technology, Inc. (AZPN) Company Description:
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.
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