Aspen Technology - AZPN Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AZPN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AZPN, but not buy additional shares or sell existing shares.
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8 analysts have issued 12-month target prices for Aspen Technology's shares. Their AZPN share price forecasts range from $144.00 to $230.00. On average, they predict the company's stock price to reach $193.33 in the next twelve months. This suggests that the stock has a possible downside of 7.2%.
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Aspen Technology's stock was trading at $152.20 at the beginning of the year. Since then, AZPN shares have increased by 36.9% and is now trading at $208.34.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Aspen Technology, Inc. (NASDAQ:AZPN) posted its earnings results on Monday, August, 8th. The technology company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.07 by $0.36. The technology company had revenue of $238.90 million for the quarter, compared to analyst estimates of $293.17 million. Aspen Technology had a trailing twelve-month return on equity of 40.86% and a net margin of 39.22%. Aspen Technology's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share.

Aspen Technology updated its FY23 earnings guidance on Monday, August, 8th. The company provided earnings per share guidance of $6.40-$6.89 for the period, compared to the consensus EPS estimate of $6.55. The company issued revenue guidance of $1.14-$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 many different institutional and retail investors. Top institutional shareholders include Lazard Asset Management LLC (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.59%), Robeco Institutional Asset Management B.V. (0.37%), Boston Trust Walden Corp (0.31%), Fiera Capital Corp (0.28%) and Stephens Investment Management Group LLC (0.25%). 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 $208.34.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $13.51 billion and generates $709.38 million in revenue each year. The technology company earns $319.80 million in net income (profit) each year or $4.01 on an earnings per share basis.

The company employs 1,897 workers across the globe.

Aspen Technology was founded in 1981.

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.