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Stock analysts at Benchmark Co. lifted their price target on shares of Aspen Technology (NASDAQ:AZPN) from $40.00 to $50.00 in a report issued on Friday, American Banking News reports. Benchmark Co.’s target price would indicate a potential upside of 20.20% from the company’s current price.

Shares of Aspen Technology (NASDAQ:AZPN) traded up 9.55% on Friday, hitting $45.57. 1,321,146 shares of the company’s stock traded hands. Aspen Technology has a 52 week low of $26.55 and a 52 week high of $46.01. The stock has a 50-day moving average of $41.78 and a 200-day moving average of $36.83. The company has a market cap of $4.238 billion and a P/E ratio of 71.72.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.08. The company had revenue of $98.80 million for the quarter, compared to the consensus estimate of $88.53 million. On average, analysts predict that Aspen Technology will post $0.72 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Pacific Crest raised their price target on shares of Aspen Technology from $43.00 to $50.00 in a research note to investors on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Aspen Technology from $50.00 to $52.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Aspen Technology from $42.00 to $50.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.77.

Aspen Technology, Inc, is a provider of process optimization software solutions. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, engineering and construction industries.

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