Apptio Inc (APTI) Research Coverage Started at RBC Capital Markets
Equities research analysts at RBC Capital Markets assumed coverage on shares of Apptio Inc (NASDAQ:APTI) in a research report issued on Tuesday. The brokerage set a “sector perform” rating and a $23.00 price target on the stock. RBC Capital Markets’ price target suggests a potential upside of 11.92% from the company’s previous close.
Several other analysts have also commented on APTI. Bank of America Corp. initiated coverage on Apptio in a report on Tuesday. They issued a “buy” rating and a $26.00 price objective for the company. Pacific Crest started coverage on Apptio in a report on Tuesday. They set an “overweight” rating and a $26.00 price target for the company. Goldman Sachs Group Inc. started coverage on Apptio in a report on Tuesday. They set a “neutral” rating and a $21.00 price target for the company. Jefferies Group started coverage on Apptio in a report on Tuesday. They set a “buy” rating and a $29.00 price target for the company. Finally, Barclays PLC started coverage on Apptio in a report on Tuesday. They set an “equal weight” rating and a $23.00 price target for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Apptio has an average rating of “Buy” and an average target price of $24.25.
Shares of Apptio (NASDAQ:APTI) traded up 0.15% during trading on Tuesday, hitting $20.55. The company had a trading volume of 234,765 shares. Apptio has a 52 week low of $18.78 and a 52 week high of $24.60. The firm’s 50 day moving average is $20.85 and its 200-day moving average is $20.85. The stock’s market capitalization is $268.10 million.
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