Aspen Technology (NASDAQ:AZPN) Target Price Raised by Robert W. Baird to $230.00
Aspen Technology (NASDAQ:AZPN) received a target price increase from investment analysts at Robert W. Baird, raising it from $210.00 to $230.00. This news comes as the technology company continues to show strong performance in the market. With an “outperform” rating from Robert W. Baird, investors are optimistic about the potential upside of 7.54% from the company’s previous close.
Other analysts have also weighed in on Aspen Technology, with StockNews.com upgrading the stock from a “sell” to a “hold” rating. Piper Sandler and William Blair have also provided their insights, contributing to the overall average rating of “Hold” for the company. The average target price for Aspen Technology is currently at $207.67, according to MarketBeat.
In terms of price performance, shares of NASDAQ AZPN opened at $213.88 on Wednesday, showcasing a market capitalization of $13.54 billion. The company has a P/E ratio of -486.09 and a P/E/G ratio of 2.59, with a beta of 0.76. Institutional investors have also shown interest in Aspen Technology, with notable increases in holdings from companies like Benjamin F. Edwards & Company Inc. and Robeco Institutional Asset Management B.V.
Aspen Technology provides industrial software solutions for asset-intensive industries globally, focusing on optimizing asset design, operation, and maintenance. The company’s software is utilized in various areas such as performance engineering, supply chain management, and predictive maintenance.
Overall, Aspen Technology continues to attract attention from investors and analysts alike, with a positive outlook for its future performance in the market.
