Aspen Tech (AZPN) Approves $100M Buyback Plan

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Canaccord Genuity Lifts Target on Aspen Technology (AZPN) Following Strong Q3

November 2, 2012 8:43 AM EDT

Canaccord Genuity raised their price target on Aspen Technology (NASDAQ: AZPN) from $28 to $32 following what they called an "excellent quarter."

The analyst comments: "Aspen produced another excellent quarter as LTCV growth accelerated into the mid-teens and FCF blew away consensus. This kind of... More