-3.19 % to Target, RBC Capital Reaffirms ‘”Buy”’ Rating on Apptio Inc (APTI) Shares Today

January 21, 2018 - By Peter Erickson

  3.19 % to Target, RBC Capital Reaffirms ‘

Apptio Inc (APTI) Rating Reaffirmed

They currently have a $24.0 TP on Apptio Inc (APTI). The target price by RBC Capital would suggest a potential downside of -3.19 % from the company’s current price. This has been revealed to investors in a research note on Tuesday morning.

Apptio, Inc. (NASDAQ:APTI) Ratings Coverage

Among 10 analysts covering Apptio (APTI), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Apptio has $30.0 highest and $1900 lowest target. $25’s average target is 0.85% above currents $24.79 stock price. Apptio had 27 analyst reports since October 18, 2016 according to SRatingsIntel. Barclays Capital initiated the stock with “Equal Weight” rating in Tuesday, October 18 report. Goldman Sachs initiated the stock with “Neutral” rating in Tuesday, October 18 report. Jefferies maintained Apptio, Inc. (NASDAQ:APTI) rating on Friday, June 16. Jefferies has “Buy” rating and $2500 target. The stock of Apptio, Inc. (NASDAQ:APTI) has “Neutral” rating given on Tuesday, October 18 by JP Morgan. The company was maintained on Wednesday, October 18 by RBC Capital Markets. RBC Capital Markets maintained Apptio, Inc. (NASDAQ:APTI) on Tuesday, October 31 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $1900 target in Wednesday, July 26 report. The stock of Apptio, Inc. (NASDAQ:APTI) has “Buy” rating given on Monday, November 27 by JMP Securities. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, October 8. Jefferies maintained it with “Buy” rating and $26.0 target in Tuesday, September 5 report.

The stock increased 2.31% or $0.56 during the last trading session, reaching $24.79. About 663,554 shares traded or 42.09% up from the average. Apptio, Inc. (APTI) has 0.00% since January 21, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Apptio, Inc. (NASDAQ:APTI) to report earnings on February, 8. They expect $-0.21 earnings per share, 0.00 % or $0.00 from last year’s $-0.21 per share. After $-0.13 actual earnings per share reported by Apptio, Inc. for the previous quarter, Wall Street now forecasts 61.54 % negative EPS growth.

Apptio, Inc. provides cloud-based technology business management solutions to enterprises. The company has market cap of $1.00 billion. The Company’s cloud platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, and to benchmark their financial and operational performance against peers. It currently has negative earnings. The companyÂ’s TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that provides a standard model for how IT costs are captured, categorized, and allocated to IT services and business services.

More news for Apptio, Inc. (NASDAQ:APTI) were recently published by: Nasdaq.com, which released: “Why Apptio Inc. (APTI) Could Be Positioned for a Surge” on November 22, 2017. Fool.com‘s article titled: “Why Shares of Apptio Inc. Rocketed Higher Today” and published on October 31, 2017 is yet another important article.

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