Aspen Technology - AZPN Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AZPN shares.
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6 analysts have issued 12 month price targets for Aspen Technology's shares. Their AZPN share price forecasts range from $225.00 to $280.00. On average, they anticipate the company's stock price to reach $243.40 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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Aspen Technology's stock was trading at $152.20 on January 1st, 2022. Since then, AZPN stock has increased by 60.1% and is now trading at $243.68.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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Aspen Technology, Inc. (NASDAQ:AZPN) issued its earnings results on Wednesday, October, 26th. The technology company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.95. The technology company had revenue of $250.82 million for the quarter, compared to analyst estimates of $236.76 million. Aspen Technology had a trailing twelve-month return on equity of 5.75% and a net margin of 21.55%. The business's revenue was up 84.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share.

Aspen Technology updated its FY 2023 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share (EPS) guidance of $6.76-$6.91 for the period, compared to the consensus EPS estimate of $6.75. The company issued revenue guidance of $1.14 billion-$1.20 billion, compared to the consensus revenue estimate of $1.17 billion.

225 employees have rated Aspen Technology Chief Executive Officer Antonio Pietri on Glassdoor.com. Antonio Pietri has an approval rating of 69% among the company's employees. 64.0% of employees surveyed would recommend working at Aspen Technology to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aspen Technology investors own include Alibaba Group (BABA), Cisco Systems (CSCO), Home Depot (HD), QUALCOMM (QCOM), CVS Health (CVS), Intel (INTC), NVIDIA (NVDA), Visa (V), Johnson & Johnson (JNJ) and Procter & Gamble (PG).

Aspen Technology trades on the NASDAQ under the ticker symbol "AZPN."

Aspen Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.09%), Kayne Anderson Rudnick Investment Management LLC (4.76%), Vanguard Group Inc. (4.31%), Neuberger Berman Group LLC (1.52%), Nordea Investment Management AB (1.47%) and State Street Corp (1.20%). Insiders that own company stock include Antonio J Pietri, Donald P Casey, F G Hammond, John Hague, Jr Robert M Whelan and Karl E Johnsen.
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Shares of AZPN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AZPN stock can currently be purchased for approximately $243.68.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $15.73 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $3.00 on an earnings per share basis.

The company employs 1,897 workers across the globe.

Aspen Technology's mailing address is 20 Crosby Drive, Bedford MA, 01730. The official website for the company is www.aspentech.com. The technology company can be reached via phone at (781) 221-6400, via email at brian.denyeau@icrinc.com, or via fax at 781-221-6410.