Rosenblatt Securities analyst Yun Kim maintained a Buy rating on PTC (PTC) today and set a price target of $95.00. The company’s shares closed last Thursday at $64.33.
According to TipRanks.com, Kim is a 5-star analyst with an average return of 10.0% and a 57.9% success rate. Kim covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Manhattan Associates, and Palo Alto Networks.
PTC has an analyst consensus of Moderate Buy, with a price target consensus of $82.00, implying a 26.5% upside from current levels. In a report issued on April 13, Barclays also maintained a Buy rating on the stock with a $72.00 price target.
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The company has a one-year high of $102.48 and a one-year low of $43.91. Currently, PTC has an average volume of 1.12M.
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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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