Evercore ISI Maintains Their Buy Rating on PTC Inc (PTC)


Evercore ISI analyst Kenneth Talanian maintained a Buy rating on PTC Inc (NASDAQ: PTC) on October 25 and set a price target of $110. The company’s shares closed on Friday at $79.98.

According to TipRanks.com, Talanian is a 5-star analyst with an average return of 15.2% and a 66.7% success rate. Talanian covers the Technology sector, focusing on stocks such as Proofpoint Inc, Check Point, and FireEye Inc.

Currently, the analyst consensus on PTC Inc is a Strong Buy with an average price target of $109, implying a 36.3% upside from current levels. In a report issued on October 26, Berenberg Bank also maintained a Buy rating on the stock with a $115 price target.

.

See today’s analyst top recommended stocks >>

Based on PTC Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $13.19 million. In comparison, last year the company had a net profit of $17.44 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PTC, Inc. engages in the development and provision of software-based product management and development solutions. It operates through the following business segments: Internet of Things (IoT) Group, Solutions Group, and Professional Services.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts