In a report released today, Saket Kalia from Barclays maintained a Buy rating on PTC Inc (PTC), with a price target of $85.00. The company’s shares closed last Monday at $65.65, close to its 52-week low of $62.05.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 9.3% and a 51.8% success rate. Kalia covers the Technology sector, focusing on stocks such as CyberArk Software, Varonis Systems, and Pluralsight Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PTC Inc with a $89.90 average price target.
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Based on PTC Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $14.76 million. In comparison, last year the company had a net profit of $13.19 million.
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PTC, Inc. engages in the development and provision of software-based product management and development solutions. It operates through the Software products and Professional Services segments. The Software Products segment includes license, subscription and related support revenue for its products.
