Aspen Technology shares are trading higher after Loop Capital upgraded the stock from Hold to Buy and announced a $213 price target.
Portfolio Pulse from Benzinga Newsdesk
Aspen Technology's stock (AZPN) is trading higher following an upgrade from Hold to Buy by Loop Capital, which also set a price target of $213.
December 01, 2023 | 4:15 pm
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POSITIVE IMPACT
Aspen Technology's stock is likely to experience a positive short term impact due to the upgrade from Hold to Buy by Loop Capital and the new price target of $213.
Analyst upgrades typically lead to a positive short term reaction in a stock's price as they suggest a better outlook for the company. The new price target of $213 by Loop Capital is significantly higher than the current trading price, indicating a strong vote of confidence in Aspen Technology's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100