Aspen Technology designated as a Bullish Fresh Pick at Baird

Baird analyst Rob Oliver designated Aspen Technology as a Bullish Fresh Pick and reiterated its Outpeform rating and $230 price target. The firm said with the stock having pulled back over the past month and valuation towards lower-end of range, they view risk/reward as attractive. They noted its Grid management business sets up well versus GenAI-driven spiking demand environment and despite uncertainty, they expect investors will be rewarded accumulating at current levels.