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 year. There are currently 6 hold ratings for the stock. The consensus among Wall Street 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 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 predict the company's stock price to reach $198.80 in the next year. This suggests that the stock has a possible downside of 0.1%.
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Aspen Technology's stock was trading at $205.40 on January 1st, 2023. Since then, AZPN shares have decreased by 3.2% and is now trading at $198.92.
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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) posted its quarterly earnings data on Tuesday, August, 1st. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.94 by $0.07. The technology company had revenue of $320.64 million for the quarter, compared to the consensus estimate 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 issued an update on 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 earnings per share 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."

Aspen Technology's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.72%), Kayne Anderson Rudnick Investment Management LLC (5.54%), State Street Corp (1.50%), Nordea Investment Management AB (1.43%), Franklin Resources Inc. (1.17%) and Jackson Square Partners LLC (1.04%). 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 $198.92.

Aspen Technology (NASDAQ:AZPN) has a market capitalization of $12.81 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.