RBC Capital analyst Matthew Hedberg reiterated 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, Hedberg is a top 25 analyst with an average return of 31.4% and a 76.4% success rate. Hedberg covers the Technology sector, focusing on stocks such as Altair Engineering Inc, SecureWorks Corp, and Citrix Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for PTC Inc with a $109 average price target, a 36.3% upside from current levels. In a report issued on October 25, Evercore ISI also maintained a Buy rating on the stock with a $110 price target.
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The company has a one-year high of $107.44 and a one-year low of $59.40. Currently, PTC Inc has an average volume of 1.17M.
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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.
