Aspen Technology Inc (NASDAQ: AZPN) stock enjoyed a major increase of 16.4% on 8/7/24. The shares closed at $207.00. Moreover, this advance was accompanied by exceptionally high trading volume at 286% of normal. The stock has performed in line with the market over the last nine months and has risen 9.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AZPN is expected to continue to be Value Creation neutral.
Aspen Technology has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Aspen Technology has a neutral Power Rating of 42 and a slightly negative Appreciation Score of 40, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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