PTC (PTC) Receives Price Target

PTC (PTC) : 6 Wall Street analysts covering PTC (PTC) believe that the average level the stock could reach for the short term is $45.83. The maximum price target given is $52 and the minimum target for short term is around $39, hence the standard deviation is calculated at $4.26.

PTC (PTC) : The consensus on PTC (PTC) based on 6 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Citigroup initiates coverage on PTC (NASDAQ:PTC) . The global brokerage major announces a current price target of $48 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on August 1, 2016.

PTC (NASDAQ:PTC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.62 and $42.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.84, notching a gain of 0.40% for the day. The total traded volume was 701,056 . The stock had closed at $42.67 on the previous day.

PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products. The Companys solutions and software products include Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses, support and services.

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