Bank of America Securities Keeps Their Buy Rating on Aspen Technology, Inc. (AZPN)

In a report released today, Andrew Obin from Bank of America Securities maintained a Buy rating on Aspen Technology, Inc. (AZPN – Research Report). The company’s shares opened today at $199.87.

According to TipRanks, Obin is a 5-star analyst with an average return of 12.4% and a 62.50% success rate. Obin covers the Industrials sector, focusing on stocks such as Vertiv Holdings, 3M, and Eaton.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aspen Technology, Inc. with a $233.33 average price target.

Based on Aspen Technology, Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $257.16 million and a GAAP net loss of $21.5 million. In comparison, last year the company earned a revenue of $242.84 million and had a GAAP net loss of $66.2 million

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Aspen Technology, Inc. (AZPN) Company Description:

Aspen Technology is a leading global supplier of software solutions that optimize asset design, operations, and maintenance in complex industrial environments. The company’s AspenOne software platform helps improve process-oriented plant efficiency, and thereby lower capital intensity, increase working capital efficiency, and improve margins. Aspen was founded in 1981 and serves more than 2,300 customers in 32 countries.