Analyst Explains Why They Downgraded Their Rating on Aspen Technology, Inc. (AZPN)

Aspen Technology, Inc. (AZPNResearch Report) received a Hold rating and a $162.00 price target from Robert W. Baird analyst Robert Oliver on July 27. The company’s shares closed last Thursday at $195.15.

According to, Oliver is a 5-star analyst with an average return of 9.2% and a 53.1% success rate. Oliver covers the Technology sector, focusing on stocks such as Sprout Social, PROS Holdings, and UserTesting.

Aspen Technology, Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $203.20.

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Based on Aspen Technology, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $188 million and net profit of $75.12 million. In comparison, last year the company earned revenue of $163 million and had a net profit of $62.5 million.

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Aspen Technology is a leading global supplier of software solutions that optimize asset design, operations, and maintenance in complex industrial environments. The company’s AspenOne software platform helps improve process-oriented plant efficiency, and thereby lower capital intensity, increase working capital efficiency, and improve margins. Aspen was founded in 1981 and serves more than 2,300 customers in 32 countries.

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