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BofA Merrill reported on Apptio (NASDAQ:APTI), bumping up its stock price target to $26.00 today

Apptio (NASDAQ:APTI) had its target bumped up to $26.00 by BofA Merrill in a report released 10/18/2016. The upped price target implies a possible upside of 0.27% from the company's previous stock price.

Displaying a price of $20.52, Apptio (NASDAQ:APTI) traded -0.24% lower on the day. The last stock price is down -1.80% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $20.85 and a 200-day moving average of $20.85. 11,653 shares of Apptio exchanged hands, down from an average trading volume of 837,753

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With a total market value of $0, Apptio has with a 52 week low of $18.78 and a 52 week high of $24.60 .

Brief Synopsis About Apptio (NASDAQ:APTI)

Apptio, Inc. (Apptio) is a United States-based provider of cloud-based technology business management (TBM) software for managing business of information technology (IT). The Company offers a software as service (SaaS) products. It offers cloud applications, including Apptio Cost Transparency, which offers features, such as manage cost and investment across user's application portfolio; Apptio IT Planning, which helps IT finance, budget owners and chief information officers (CIOs) with annual budget, forecast and variance tracking; Apptio IT Benchmarking, which extends Apptio Cost Transparency with side-by-side benchmarks with features, such as peer costs calculated through consistent cost structure and comparing peer benchmarks; Apptio Business Insights, which correlates IT infrastructure and application data, and Apptio Bill of IT, which automates the creation and delivery of pro-forma invoices for IT services. It offers Data Studio, Model Studio and Report Studio under TBM Studio.

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