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PTC (PTC) Gets a Buy from RBC Capital

Tipranks - Tipranks - Fri May 8, 6:20AM CDT

In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Buy rating on PTC, with a price target of $195.00. The company’s shares closed yesterday at $136.77.

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Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, Check Point, and CommVault Systems. According to TipRanks, Hedberg has an average return of 0.3% and a 45.98% success rate on recommended stocks.

PTC has an analyst consensus of Moderate Buy, with a price target consensus of $178.30, which is a 30.37% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $185.00 price target.

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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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