Stock analysts at Royal Bank Of Canada assumed coverage on shares of Apptio Inc (NASDAQ:APTI) in a research note issued on Tuesday. The firm set a “sector perform” rating and a $23.00 price target on the stock.

A number of other brokerages have also weighed in on APTI. Bank of America Corp. assumed coverage on shares of Apptio in a research note on Tuesday. They set a “buy” rating for the company. Pacific Crest assumed coverage on Apptio in a research note on Tuesday. They issued an “overweight” rating and a $26.00 price objective for the company. Jefferies Group assumed coverage on Apptio in a research note on Tuesday. They issued a “buy” rating for the company. JPMorgan Chase & Co. assumed coverage on Apptio in a research note on Tuesday. They issued a “neutral” rating for the company. Finally, Goldman Sachs Group Inc. assumed coverage on Apptio in a research note on Tuesday. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Apptio presently has an average rating of “Hold” and an average target price of $24.50.

Shares of Apptio (NASDAQ:APTI) opened at 20.52 on Tuesday. The company’s market cap is $267.70 million. The firm’s 50-day moving average price is $20.85 and its 200 day moving average price is $20.85. Apptio has a 52 week low of $18.78 and a 52 week high of $24.60.

5 Day Chart for NASDAQ:APTI

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