Oppenheimer Maintains Outperform on PTC, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ken Wong has maintained an Outperform rating on PTC (NASDAQ:PTC) and increased the price target from $165 to $190.
December 11, 2023 | 3:23 pm
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POSITIVE IMPACT
Oppenheimer has reaffirmed its Outperform rating on PTC and raised the price target from $165 to $190, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Ken Wong suggests a strong conviction in PTC's growth prospects and financial performance. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as market sentiment aligns with the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100