Loop Capital Downgrades Aspen Technology to Hold, Lowers Price Target to $170
Portfolio Pulse from richadhand@benzinga.com
Loop Capital analyst Mark Schappel has downgraded Aspen Technology (NASDAQ:AZPN) from Buy to Hold and lowered the price target from $240 to $170.
July 21, 2023 | 9:49 am
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Aspen Technology has been downgraded from Buy to Hold by Loop Capital, with a lowered price target of $170.
The downgrade from Buy to Hold by Loop Capital indicates a less optimistic outlook for Aspen Technology. The lowered price target from $240 to $170 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100