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Berenberg Bank Remains a Hold on PTC (PTC)
Berenberg Bank analyst maintained a Hold rating on PTC on May 9 and set a price target of $192.00.
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In addition to Berenberg Bank, PTC also received a Hold from Citi’s Tyler Radke in a report issued on May 8. However, on May 7, Rosenblatt Securities maintained a Buy rating on PTC (NASDAQ: PTC).
Based on PTC’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $774.3 million and a net profit of $590.72 million. In comparison, last year the company earned a revenue of $636.37 million and had a net profit of $162.64 million
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