7 Analysts Assess Aspen Aerogels: What You Need To Know
Portfolio Pulse from Benzinga Insights
Aspen Aerogels (NYSE:ASPN) has been evaluated by 7 analysts over the last three months, showing a bullish trend with an increase in price targets. The average 12-month price target is now $25.14, up 16.39% from the previous $21.60. Analysts from firms like B. Riley Securities, Roth MKM, Piper Sandler, and HC Wainwright & Co. have raised their price targets, reflecting optimism about the company's performance. Aspen Aerogels, a technology company specializing in aerogel insulation, has shown a revenue growth rate of 41.28% as of December 31, 2023, outperforming industry averages.
May 03, 2024 | 9:00 pm
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POSITIVE IMPACT
Aspen Aerogels has received positive evaluations from analysts, with an upward revision in price targets indicating strong future performance.
The unanimous positive revision of price targets by analysts from reputable firms, coupled with significant revenue growth, suggests a strong bullish sentiment for ASPN. The increase in the average price target to $25.14, up from $21.60, reflects confidence in the company's future performance. Given ASPN's sector-beating revenue growth and the analysts' optimistic outlook, the stock is likely to experience upward momentum in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100