Aspen Technology upgraded to Buy from Hold at Berenberg

Berenberg upgraded Aspen Technology to Buy from Hold with a price target of $255, up from $185. After the downgrade to fiscal 2024 guidance with the Q3 results, and subsequent consensus revisions, the overhangs on Aspen Technology’s shares have been removed, the analyst tells investors in a research note. The firm now takes a more positive view on the stock, saying it is “time to buy.”