In a report issued on November 12, Ross MacMillan from RBC Capital reiterated a Buy rating on Apptio Inc (APTI), with a price target of $38. The company’s shares closed yesterday at $37.75.
According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 27.7% and a 82.1% success rate. MacMillan covers the Technology sector, focusing on stocks such as Coupa Software Inc, Salesforce.com, and Ellie Mae Inc.
Apptio Inc has an analyst consensus of Strong Buy, with a price target consensus of $39.50, implying a 4.6% upside from current levels. In a report issued on October 30, Oppenheimer also maintained a Buy rating on the stock with a $40 price target.
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Based on Apptio Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $4.57 million. In comparison, last year the company had a GAAP net loss of $5.17 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.
