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RBC Capital Sticks to Their Buy Rating for PTC (PTC)

Tipranks - Tipranks - Tue Apr 14, 8:52PM CDT

In a report released on April 12, Matthew Hedberg from RBC Capital maintained a Buy rating on PTC, with a price target of $195.00.

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Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, PTC, and N-able. According to TipRanks, Hedberg has an average return of -3.1% and a 40.00% success rate on recommended stocks.

Currently, the analyst consensus on PTC is a Moderate Buy with an average price target of $181.23.

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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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