Canaccord Genuity Reiterates a 'Buy' on Aspen Technology (AZPN); Hit Full-Year FCF Target in Nine Months
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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 raised from $23 to $25.
Analyst, Richard Davis, said, "Aspen beat and raised, again. Our broad external checks and the firm’s commentary support our view that AZPN is in its “tornado of growth” phase where business, while never easy, is coming in more quickly and in larger chunks than before. We believe there is a good chance that the stock could get re-valued as a SaaS/Cloud company (because it is) and investors will have sufficient confidence in the firm’s ability to execute consistently."
"Our revised F2012 and F2013 revenue and FCF per share estimates for F2012 and F2013 are $242M/$0.98 and $304M/$1.17."
For an analyst ratings summary and ratings history on Aspen Technology click here. For more ratings news on Aspen Technology click here.
Shares of Aspen Technology closed at $19.55 yesterday.
Analyst, Richard Davis, said, "Aspen beat and raised, again. Our broad external checks and the firm’s commentary support our view that AZPN is in its “tornado of growth” phase where business, while never easy, is coming in more quickly and in larger chunks than before. We believe there is a good chance that the stock could get re-valued as a SaaS/Cloud company (because it is) and investors will have sufficient confidence in the firm’s ability to execute consistently."
"Our revised F2012 and F2013 revenue and FCF per share estimates for F2012 and F2013 are $242M/$0.98 and $304M/$1.17."
For an analyst ratings summary and ratings history on Aspen Technology click here. For more ratings news on Aspen Technology click here.
Shares of Aspen Technology closed at $19.55 yesterday.
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