BMO Capital Reiterates Outperform Rating on PTC Inc. (PTC)

BMO Capital analyst Daniel Jester reiterated an Outperform rating and $200.00 price target on PTC Inc. (NASDAQ: PTC).

The analyst commented, "A competitor’s pre-announced 2Q miss has raised fears of further cooling of demand in what was already a relatively sluggish buying environment for PTC’s industrial design end markets. While acknowledging the potential for greater risk around the 4Q ARR outlook, we continue to see material, company-specific opportunities to support growth and FCF generation into FY25+. No change to our estimates or target price."

For an analyst ratings summary and ratings history on PTC Inc. click here. For more ratings news on PTC Inc. click here.

Shares of PTC Inc. closed at $184.08 yesterday.

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