PTC Continues to Accelerate Subscription Business Model Globally

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PTC Inc. (PTC) PT Raised to $78 at Citi Following 1Q

January 18, 2018 7:18 AM EST

Citi raised its price target on PTC Inc. (NASDAQ: PTC) to $78.00 (from $70.00) while maintaining a Buy rating following the company's 1Q earnings report. PTC delivered L&S bookings of $104M, well above estimates and upper end of guidance ($88.2M / $82-92M). The outperformance... More