Aspen Technology Inc

AZPN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$441.00	Ddn	Kdpxfxfx

Aspen Locked in at Capital Intensive Petrochemical Facilities While Emerson Offers Diversification

Dan Romanoff

Sep 29, 2022

Business Strategy and Outlook

We believe Aspen Technology is a leader in the process automation software niche. We think the firm has ample room to grow over the next decade within its existing customer base, which tends to be particularly sticky, as evidenced by our wide moat rating.

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