Piper Sandler Maintains Neutral on PTC, Raises Price Target to $177
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Clarke Jeffries has maintained a Neutral rating on PTC Inc. (NASDAQ:PTC) but increased the price target from $155 to $177. This adjustment reflects a more optimistic valuation of PTC's future performance while still not fully endorsing a buy position.
January 09, 2024 | 1:50 pm
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Piper Sandler's analyst has reaffirmed a Neutral rating on PTC but raised the price target from $155 to $177, indicating a potential upside from the previous target.
The increase in price target by Piper Sandler may lead to a positive short-term sentiment among investors, as it implies a higher valuation and potential growth for PTC. However, the Neutral rating indicates that the analyst sees risks that prevent a full buy recommendation, which tempers the potential impact on the stock price.
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