Despite recent price target cuts from BofA and BMO Capital, analysts remain generally optimistic about PTC Inc. (PTC). BofA cited challenging macroeconomic conditions but noted no further deterioration, while BMO Capital maintains an Outperform rating due to PTC’s stable growth outlook, share repurchase plans, and focus on CAD and data management solutions. The company’s quarterly performance was deemed “okay,” with some reassurance from contracted deferred Annual Recurring Revenue.
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PTC Inc. (PTC) Faces Price Target Cuts, But Analysts See Stability
Despite recent price target cuts from BofA and BMO Capital, analysts remain generally optimistic about PTC Inc. (PTC). BofA cited challenging macroeconomic conditions but noted no further deterioration, while BMO Capital maintains an Outperform rating due to PTC’s stable growth outlook, share repurchase plans, and focus on CAD and data management solutions. The company’s quarterly performance was deemed “okay,” with some reassurance from contracted deferred Annual Recurring Revenue.