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Barclays Reaffirms Their Buy Rating on PTC (PTC)

Tipranks - Tue Apr 14, 4:58AM CDT

In a report released on April 10, Saket Kalia from Barclays maintained a Buy rating on PTC, with a price target of $180.00. The company’s shares closed last Friday at $133.44.

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According to TipRanks, Kalia is a 4-star analyst with an average return of 4.2% and a 51.97% success rate. Kalia covers the Technology sector, focusing on stocks such as Palo Alto Networks, Autodesk, and Varonis Systems.

PTC has an analyst consensus of Moderate Buy, with a price target consensus of $181.23.

Based on PTC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $685.83 million and a net profit of $166.52 million. In comparison, last year the company earned a revenue of $565.13 million and had a net profit of $82.23 million

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