In a report released today, Brian Schwartz from Oppenheimer maintained a Buy rating on Apptio Inc (NASDAQ: APTI). The company’s shares opened today at $37.93, close to its 52-week high of $39.06.
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 28.2% and a 79.2% success rate. Schwartz covers the Technology sector, focusing on stocks such as Ultimate Software, Instructure Inc, and Salesforce.com.
Currently, the analyst consensus on Apptio Inc is a Moderate Buy with an average price target of $39.75, which is a 4.8% upside from current levels. In a report issued on July 30, RBC Capital also reiterated a Buy rating on the stock with a $41 price target.
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Based on Apptio Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.3 million. In comparison, last year the company had a GAAP net loss of $7.01 million.
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Apptio, Inc. enagages in the provision of technology business management solutions. It offers software-as-a-sevice applications including cost transparency, information technology planning and benchmarking, business insights, and bill of information technology.
