AZPN Price Prediction Next Week
Technical Analysis: AZPN is currently trading at $264.78, showing a relatively flat performance with a -0.02% change. The technical indicators suggest a neutral to slightly bearish sentiment:
- RSI-14 at 58.08 indicates neutral momentum
- MACD (12,26,9) shows weakening momentum with negative histogram (-0.33)
- Stochastic (14,3,3) at 25.17 indicates oversold conditions
- Price is trading above all major SMAs, suggesting long-term uptrend intact
News Impact: Recent significant developments affecting AZPN:
- Elliott Investment Management has recently opposed Emerson's $7.2 billion tender offer
- Emerson confirmed its "best and final" offer of $265 per share, expiring March 10, 2025
- If tender offer conditions aren't met, Emerson will maintain its 57% majority stake
Price Prediction for Next Week: Based on Fibonacci levels and current technical setup:
- Resistance: $274.24 (R1), $277.55 (R2)
- Support: $263.53 (S1), $260.22 (S2)
- Pivot: $268.89
Trading Recommendation: SELL with target price of $260.22 (S2) for next week based on:
- Negative MACD histogram indicating weakening momentum
- Price approaching resistance levels
- Uncertainty around Emerson's tender offer outcome
- Set stop-loss at $268.89 (pivot point)
The stock is likely to experience increased volatility as the March 10 tender offer deadline approaches. The most probable scenario is a pullback to S2 level ($260.22) as traders may take profits given the uncertainty.
AZPN Similar Chart Price Prediction
The price of AZPN is predicted to go up 4.92%, based on the high correlation periods with NVMI. The similarity of these two price pattern on the periods is 97.52%.
AZPN
NVMI
Up: 4.92%Similarity: 97.52%
AZPN Revenue Forecast
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AZPN VS S&P500
AspenTech is a longtime leader in the process control industry for continuous process-driven high-capital-intensity businesses, typically involving oil refining and chemical processing.
We believe that Aspen's solutions drive meaningful and rapid returns for customers, who are not likely to explore other options for process control solutions.
The transaction and commercial agreement with Emerson will likely be pivotal in driving growth, synergies, and diversification for AspenTech.
AZPN Analyst's Forecast
Mark Schappel
Loop Capital
Hold → Strong Buy
2025-02-10
Price Target
$265 → $315
Upside
+18.27%
Loop Capital upgraded Aspen Technology to Buy from Hold with a price target of $315, up from $265.
Rob Oliver
Baird
Buy
2024-12-11
Price Target
$250 → $275
Upside
+8.5%
Mark Schappel
Loop Capital
Strong Buy
2024-09-19
Price Target
$204 → $260
Upside
+8.67%
