Aspen Technology (AZPN) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aspen Technology in the last twelve months. There are currently 6 hold 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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6 Wall Street research analysts have issued 1-year price targets for Aspen Technology's shares. Their AZPN share price forecasts range from $180.00 to $230.00. On average, they anticipate the company's stock price to reach $198.80 in the next year. This suggests that the stock has a possible downside of 2.7%.
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Aspen Technology's stock was trading at $205.40 at the beginning of 2023. Since then, AZPN stock has decreased by 0.6% and is now trading at $204.26.
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Aspen Technology saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,150,000 shares, an increase of 12.7% from the August 31st total of 1,020,000 shares. Based on an average daily trading volume, of 214,600 shares, the days-to-cover ratio is currently 5.4 days. Currently, 4.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Aspen Technology, Inc. (NASDAQ:AZPN) released its quarterly earnings results on Tuesday, August, 1st. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $1.94 by $0.07. The technology company had revenue of $320.64 million for the quarter, compared to analyst estimates of $324.78 million. Aspen Technology had a negative net margin of 10.32% and a positive trailing twelve-month return on equity of 2.32%.

ETFs with the largest weight of Aspen Technology (NASDAQ:AZPN) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), BlackRock Future Innovators ETF (BFTR), Argent Mid Cap ETF (AMID), Gabelli Automation ETF (GAST), VanEck Robotics ETF (IBOT), Nuveen ESG Mid-Cap Growth ETF (NUMG), Syntax Stratified MidCap ETF (SMDY) and Qraft AI-Enhanced Next Value ETF (NVQ).

Aspen Technology updated its FY 2024 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $6.51- for the period, compared to the consensus EPS estimate of $6.32. The company issued revenue guidance of $1.12B-, 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."

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 $204.26.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $13.15 billion and generates $1.04 billion in revenue each year. The technology company earns $-107,760,000.00 in net income (profit) each year or ($1.66) on an earnings per share basis.

The company employs 1,014 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.