Barclays analyst Saket Kalia maintained a Buy rating on PTC (PTC) yesterday and set a price target of $72.00. The company’s shares closed last Monday at $62.35.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 6.3% and a 50.0% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, Ping Identity Holding, and CyberArk Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PTC with a $84.78 average price target.
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Based on PTC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $356 million and net profit of $35.46 million. In comparison, last year the company earned revenue of $335 million and had a net profit of $20.99 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. The Professional Services segment consists of consulting, implementation and training services. The company was founded in 1985 and is headquartered in Boston, MA.
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