Loop Capital raised the firm’s price target on Aspen Technology to $180 from $170 but keeps a Hold rating on the shares after its Q4 results and guidance. The company’s ACV growth – a key metrics – indicates that Q4 was “pretty solid”, the analyst tells investors in a research note. The firm adds however that it still has little confidence in the near-term drivers of the business as reflected by its downgrade of Aspen Technology to Hold on July 21st.
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