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Pacific Crest upgraded enterprise software maker Aspen Technology (AZPN) to overweight Friday, saying license revenue could grow in double digits for a number of years. Analyst Monika Garg wrote that Aspen has “presented a roadmap of new innovations that would increase its addressable market,” which it now estimates at about $10.9 billion, up from its earlier appraisal of $10.1 billion. She added that although Aspen focuses on the energy industry, Scalper1 News
Scalper1 News