What Analysts Are Saying About PTC Stock
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for PTC (NASDAQ:PTC), with a mix of bullish and somewhat bullish perspectives. The average 12-month price target is now $184.62, up from $165.86, indicating an 11.31% increase. Analysts from firms like BMO Capital, Baird, Keybanc, Piper Sandler, JP Morgan, and Oppenheimer have raised their price targets, reflecting a positive outlook on PTC's performance. Despite positive revenue growth, PTC's financials show challenges in profitability and efficiency, with below-industry-average net margin, ROE, and ROA.
January 23, 2024 | 2:00 pm
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Analysts have raised their price targets for PTC, indicating a positive sentiment and an expected increase in stock price. The average price target has been increased to $184.62, suggesting an 11.31% upside potential.
The unanimous decision by multiple analysts to raise their price targets for PTC suggests a strong consensus on the company's positive outlook, which is likely to influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100