Apptio Inc (NASDAQ:APTI) shares were up 11.89% on Thursday when approximately 227,431.00 shares were traded, against the average daily trading volume of 131,875.00. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Apptio Inc (NASDAQ:APTI) has a consensus buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 3 have assigned a hold rating, Zero says it’s a buy, and 3 have assigned a strong buy rating to the company.

Analysts have a consensus target price of $24.71 in the 12-month period. The price objective is 50.95% higher than the recent closing price of $16.37. The 52-week price range is $13.54-$24.60 and the company has a market capitalization of $627.30 million.

Apptio, Inc. provides cloud-based technology business management (TBM) solutions to enterprises. Its cloud-based platform and SaaS applications enable IT leaders to analyze, optimize, and plan technology investments, and to benchmark their financial and operational performance against peers. The company’s TBM solutions consist of adaptive data management, which aggregates, cleanses, and correlates large amounts of customer data from various sources; and standard IT operating model and taxonomy that provides a standard model for how IT costs are captured, categorized, and allocated to IT services and business services. Its solution also comprises visual modeling, which allows users to build and manage the financial and operational model of their IT organization; powerful calculation engine that allows the models to be applied across very large data sets accessible to users through the analytics capabilities included in its applications; intuitive, self-service analytics for IT and business users; and modular applications comprising cost transparency, IT benchmarking, business insights, bill of IT, and IT planning applications. The company operates in the United States, the United Kingdom, Germany, Denmark, the Netherlands, Australia, Canada, France, and Singapore. Apptio, Inc. was founded in 2007 and is headquartered in Bellevue, Washington.