- Jefferies analyst John DiFucci sets a Buy rating and $29 (current price $20.52) target on Apptio's positioning, distinct products, overall value capacity within the IT industry and a growing market that has potential to grow beyond transparency, benchmarking and metrics.
- Pacific Crest Securities' Rob Owen, noting value proposition and upselling opportunities, rates at Overweight with a $26 target.
- Brad Sills at Bank of America Merill Lynch similarly sets a $26 target on a Buy rating, attributed to 20%+ annual subscription growth he projects for the next 5 years and Apptio's market positioning.
- Goldman Sachs' Jesse Hulsing, out with the lowest target of the group, initiates Apptio at Neutral with a $21 target.
- Further ratings: RBC Capital Markets – Sector Perform, $23, J.P. Morgan – Neutral, $23, Barclays – Equal Weight, $23
- Apptio (NASDAQ:APTI) went public late in September and its shares are presently down 9% since that point. Shares are unmoved pre-market despite the coverage.