Four analysts have provided evaluations of Aspen Technology (AZPN) over the past three months, expressing a mix of bullish and bearish perspectives. In the last 30 days, there have been two indifferent ratings, one bullish rating, and one somewhat bullish rating. This represents a positive shift compared to the previous month. The average 12-month price target for Aspen Technology is $197.75, with a high estimate of $213.00 and a low estimate of $180.00. The current average price target has increased by 5.75% from the previous average of $187.00.
Analyst actions and adjustments to ratings and price targets are as follows:
– Clarke Jeffries of Piper Sandler raised the rating to Neutral with a current price target of $196.00, up from the prior target of $180.00.
– Mark Schappel of Loop Capital announced a Buy rating with a price target of $213.00.
– Rob Oliver of Baird raised the rating to Outperform with a current price target of $202.00, up from the previous target of $194.00.
– Clarke Jeffries of Piper Sandler maintained the Neutral rating with a price target of $180.00.
Aspen Technology is a global leader in asset optimization software, serving capital-intensive industries. The company offers software solutions to optimize engineering, manufacturing, supply chain, and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its subsidiaries for a 55% stake in Aspen Technology. The combined entity serves more than 3,000 customers across 40 countries.
Analyzing Aspen Technology’s financial performance, the company’s market capitalization is below industry averages. Revenue growth over the past three months has faced challenges, with a decline of approximately -0.6%. Aspen Technology’s net margin is below industry averages, indicating potential difficulties in maintaining strong profitability. The company’s return on equity (ROE) and return on assets (ROA) are also below industry benchmarks, suggesting challenges in efficiently utilizing equity capital and assets. However, Aspen Technology adopts a prudent financial strategy with a below-average debt-to-equity ratio of 0.01.
Analyst ratings provide insights into how financial experts perceive Aspen Technology. Analysts rate stocks based on evolving market conditions and company performance. These ratings communicate expectations for the relative performance of Aspen Technology compared to the broader market. Price targets set by analysts offer estimates of the stock’s future value and can indicate changes in analysts’ expectations over time.
Please note that this article was generated by Benzinga’s automated content engine and reviewed by an editor.