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Stifel Nicolaus Reaffirms Their Buy Rating on PTC (PTC)

Tipranks - Tipranks - Wed Mar 18, 8:23AM CDT

In a report released today, Adam Borg from Stifel Nicolaus maintained a Buy rating on PTC, with a price target of $180.00.

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Borg covers the Technology sector, focusing on stocks such as Autodesk, Check Point, and Fortinet. According to TipRanks, Borg has an average return of 10.1% and a 59.26% success rate on recommended stocks.

In addition to Stifel Nicolaus, PTC also received a Buy from TipRanks – xAI’s xAi Software – Application in a report issued today. However, on the same day, TipRanks – Anthropic downgraded PTC (NASDAQ: PTC) to a Hold.

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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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