Royal Bank Of Canada reaffirmed their buy rating on shares of Apptio Inc. (NASDAQ:APTI) in a report published on Tuesday. The firm currently has a $21.00 price objective on the technology company’s stock.
A number of other analysts have also recently weighed in on the stock. KeyCorp reaffirmed a buy rating and set a $22.00 target price on shares of Apptio in a research note on Friday, October 6th. Zacks Investment Research cut shares of Apptio from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of Apptio in a research note on Thursday, July 27th. They set an outperform rating and a $25.00 target price on the stock. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $22.90.
Apptio (NASDAQ:APTI) last posted its earnings results on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $45.23 million for the quarter, compared to analysts’ expectations of $43.72 million. Apptio had a negative net margin of 17.36% and a negative return on equity of 41.76%. The company’s revenue was up 16.6% on a year-over-year basis.
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Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
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