Robert W. Baird analyst Robert Oliver maintained a Buy rating on Aspen Technology (NASDAQ:AZPN) on Thursday, setting a price target of $170, which is approximately 8.49% above the present share price of $156.69.
Oliver expects Aspen Technology to post earnings per share (EPS) of $0.59 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Aspen Technology, with an average price target of $171.17.
The analysts price targets range from a high of $192 to a low of $144.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $136.02 million and a net profit of $39.88 million. The company's market cap is $10.49 billion.
According to TipRanks.com, Robert W. Baird analyst Robert Oliver is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.2% and a 80.18% success rate.
Aspen Technology, Inc. engages in the provision of asset optimization solutions. It develops its applications to design, and optimize processes across the engineering, manufacturing and supply chain, and asset performance management areas. The firm operates through the Subscription and Software, and Services segments. The Subscription and Software segment offers licensing of asset optimization software solutions, and associated support services. The Services segment includes professional services, and training. The company was founded in 1981 and is headquartered in Bedford, MA.