KeyBanc Reiterates Sector Weight Rating on Aspen Technology (AZPN)

KeyBanc analyst Jason Celino reiterated a Sector Weight rating on Aspen Technology (NASDAQ: AZPN).

The analyst commented, "We attended AspenTech's analyst day in Burlington, MA. Much of the discussion was focused on the Company's LT secular drivers around digitization, sustainability, global electrification, and energy transition in support of its updated target model of ~10% ACV growth and low 40s% FCF margin. More importantly, with durable tailwinds from DGM, the Company now sees a growth trough scenario (if macro deteriorates) of HSD, which we view as an uptick. We come away from the event encouraged by AspenTech's LT opportunities. That said, NT macro uncertainty and execution challenges keep us Sector Weight."

For an analyst ratings summary and ratings history on Aspen Technology click here. For more ratings news on Aspen Technology click here.

Shares of Aspen Technology closed at $233.54 yesterday.

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