Piper Sandler Maintains Neutral Rating for PTC: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained a Neutral rating on PTC (NASDAQ:PTC) but increased its price target from $155.00 to $177.00. PTC's shares are currently trading at $169.65, and the new target suggests a potential upside of 4.33%. PTC specializes in high-end CAD and PLM software, IoT, and AR industrial solutions, primarily serving North America and Europe.
January 09, 2024 | 5:00 pm
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Piper Sandler maintains a Neutral rating on PTC but raises the price target from $155 to $177, indicating a potential 4.33% increase from the current price.
The increase in price target by Piper Sandler could lead to positive investor sentiment and a potential short-term increase in PTC's stock price. The Neutral rating suggests that the stock is fairly valued at its current price, but the raised target indicates an expectation of modest growth. As the price target is close to the current trading price, the impact may be limited but still positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100