Mizuho Maintains Buy Rating for PTC: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has reaffirmed its Buy rating on PTC (NASDAQ:PTC), raising the price target from $200.00 to $210.00. Despite a 1.41% decline in PTC's share price over the last 24 hours to $178.11, the new price target suggests a potential 17.9% upside. PTC specializes in high-end CAD and PLM software, along with IoT and AR solutions, primarily serving North America and Europe.
February 01, 2024 | 5:00 pm
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Mizuho maintains a Buy rating on PTC, raising the price target to $210, indicating a potential 17.9% increase from the current price.
The reaffirmation of the Buy rating and the increase in price target by Mizuho reflect a strong vote of confidence in PTC's market position and future prospects. Given the analyst's influence, this could lead to increased investor interest and potentially drive up the stock price in the short term, despite the recent dip.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100