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J.P. Morgan Sticks to Their Sell Rating for PTC (PTC)
In a report released today, Alexei Gogolev from J.P. Morgan maintained a Sell rating on PTC, with a price target of $162.00.
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According to TipRanks, Gogolev is a 4-star analyst with an average return of 6.1% and a 49.53% success rate. Gogolev covers the Technology sector, focusing on stocks such as Autodesk, PTC, and Verisign.
PTC has an analyst consensus of Moderate Buy, with a price target consensus of $183.00.
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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