Stock Rating Downgrade
The Value Trend Rating for Aspen Technology Inc (NASDAQ: AZPN) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Aspen Technology Inc (NASDAQ: AZPN) stock increased 1.1% on 8/9/24. The shares closed at $211.35. NORMAL trading volume accompanied the advance. The stock has risen 16.1% during the last week and has performed in line with the market over the last nine months.
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 D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Aspen Technology has a neutral Power Rating of 41 and a neutral Appreciation Score of 40, producing the Negative Value Trend Rating.
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