Piper Sandler Maintains Neutral on Aspen Technology, Raises Price Target to $196
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Clarke Jeffries has maintained a Neutral rating on Aspen Technology (NASDAQ:AZPN) and increased the price target from $180 to $196.
January 09, 2024 | 1:49 pm
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POSITIVE IMPACT
Piper Sandler has maintained a Neutral rating on Aspen Technology but raised the price target from $180 to $196, indicating a potential upside from the current trading level.
The increase in price target by Piper Sandler suggests a positive outlook on the stock's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, tempering the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100