Barclays analyst Saket Kalia raised the firm’s price target on PTC to $152 from $150 and keeps an Overweight rating on the shares. The company’s fiscal Q2 beat and second half of the year "de-risking" set the shares up for a "relief rally," the analyst tells investors in a research note.
Published first on TheFly
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Read More on PTC:
- PTC narrows FY23 revenue view to $2.08B-$2.14B from $2.07B-$2.15B
- PTC reports Q2 non-GAAP EPS $1.16,consensus $1.14
- PTC ANNOUNCES SECOND FISCAL QUARTER 2023 RESULTS
- PTC price target lowered to $140 from $147 at Citi
- PTC director sells $2.72M in common stock
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