Keybanc Maintains Overweight on PTC, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jason Celino has maintained an Overweight rating on PTC (NASDAQ:PTC) and increased the price target from $177 to $190, indicating a positive outlook on the company's stock.
January 12, 2024 | 12:56 pm
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Keybanc analyst Jason Celino reaffirmed an Overweight rating on PTC and raised the price target to $190, suggesting confidence in the company's future performance.
The increase in price target by Keybanc reflects a positive assessment of PTC's stock, likely due to strong fundamentals or growth prospects. This can be seen as a bullish signal by investors, potentially leading to a short-term increase in the stock price as market sentiment may improve based on the analyst's recommendation.
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