Canaccord Genuity Reiterates a 'Buy' on Aspen Technology (AZPN); Another Solid Quarter; our Favorite GARP Stock
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Price: $264.33 --0%
Rating Summary:
9 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Aspen Technology (NASDAQ: AZPN) price target of $20.00.
Canaccord analyst, Richard Davis, said, "Aspen posted another solid quarter, and management inched the firm’s long-term outlook higher on the basis of what we believe is a reassuringly predictable multi-year upgrade cycle. At some point stocks will be valued on company-specific fundamentals rather than undeniably disconcerting macro data points. At that point, we are highly confident that AZPN shares will meaningfully outperform most software peers and the overall stock market."
For more ratings news on Aspen Technology click here and for the rating history of Aspen Technology click here.
Shares of Aspen Technology closed at $13.88 yesterday.
Canaccord analyst, Richard Davis, said, "Aspen posted another solid quarter, and management inched the firm’s long-term outlook higher on the basis of what we believe is a reassuringly predictable multi-year upgrade cycle. At some point stocks will be valued on company-specific fundamentals rather than undeniably disconcerting macro data points. At that point, we are highly confident that AZPN shares will meaningfully outperform most software peers and the overall stock market."
For more ratings news on Aspen Technology click here and for the rating history of Aspen Technology click here.
Shares of Aspen Technology closed at $13.88 yesterday.
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