In a report issued on October 25, Josh Sullivan from Seaport Global reiterated a Buy rating on PTC Inc (NASDAQ: PTC), with a price target of $123. The company’s shares opened today at $79.05.
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 10.5% and a 59.3% success rate. Sullivan covers the Consumer Goods sector, focusing on stocks such as Huntington Ingalls, Esterline Techs, and HEICO Corp.
PTC Inc has an analyst consensus of Strong Buy, with a price target consensus of $108.50, which is a 37.3% 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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PTC Inc’s market cap is currently $9.24B and has a P/E ratio of 179.66. The company has a Price to Book ratio of 10.94.
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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.
