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PTC (PTC) Gets a Buy from Rosenblatt Securities

Tipranks - Tipranks - Wed Mar 18, 12:06PM CDT

In a report released today, Blair Abernethy from Rosenblatt Securities maintained a Buy rating on PTC, with a price target of $190.00.

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Abernethy covers the Technology sector, focusing on stocks such as Snowflake, Cadence Design, and PDF Solutions. According to TipRanks, Abernethy has an average return of 4.6% and a 54.38% success rate on recommended stocks.

In addition to Rosenblatt Securities, PTC also received a Buy from Barclays’s Saket Kalia 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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