Goldman Sachs Group Inc. initiated coverage on shares of Apptio Inc (NASDAQ:APTI) in a report released on Tuesday morning. The firm issued a neutral rating and a $21.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Bank of America Corp. assumed coverage on shares of Apptio in a research report on Tuesday. They set a buy rating and a $26.00 price target for the company. Pacific Crest assumed coverage on shares of Apptio in a research report on Tuesday. They set an overweight rating and a $26.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $24.25.

Analyst Recommendations for Apptio (NASDAQ:APTI)

Shares of Apptio (NASDAQ:APTI) opened at 20.42 on Tuesday. The stock has a 50 day moving average of $20.83 and a 200-day moving average of $20.83. The company’s market capitalization is $266.40 million. Apptio has a one year low of $18.78 and a one year high of $24.60.

5 Day Chart for NASDAQ:APTI

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