11 stories mentioning PTCUpdated 1d ago
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PTC (PTC) has an average rating of overweight and mean price target of $181.16, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
PTC's (PTC) Codebeamer has been selected by Mazda Motor to support software-defined vehicle development, strengthening requirements management and accelerating innovation, PTC said Thursday.Codebeamer platform will help Mazda Motor improve requirements management, product quality, and regulatory compliance by providing end-to-end traceability throughout the vehicle development process, PTC said.Shares of PTC were down 1.5% in Thursday trading.Price: $144.23, Change: $-3.73, Percent Change: -2.52%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our price target from $176 to $164, applying a P/E of 20x to our FY 26 (Sep.) EPS estimate, below PTC's three-year average (~30x) on headwinds from an uncertain macroeconomic environment and a perception of rising AI competition over the long term. We lift our FY 26 EPS view by $0.22 to $8.21 and our FY 27 estimate by $0.34 to $8.79. Remaining performance obligations (RPO) continue to build (up 10% Y/Y to $2.5B), providing decent visibility that we consider valuable amid heightened macro uncertainty, and we like management's confidence around a "significant step up" in deferred ARR balances in Q4. Still, we see risk in the realization timeline of this future revenue, and while we believe PTC's proprietary data should insulate it from third-party AI threats, the company's own agentic products (eight released in 2025, 14 planned for 2026) appear to still be in their early stages and far away from material revenue generation. Q3's guidance was likely conservative, but still a bit short of consensus.
PTC (PTC) has multiple "idiosyncratic drivers" and looks to be benefiting from artificial intelligence rather than hurt by it, RBC Capital Markets said in a note emailed Thursday.The company reported solid fiscal Q2 results, with constant-currency annual recurring revenue and free cash flow modestly beating analysts' consensus, and other metrics well ahead, RBC analysts said.PTC noted strong sales productivity 16 months after it implemented significant go-to-market changes, mainly driven by growing interest in AI and data modernization projects, according to the note. The analysts said they like the company's H2 positioning with its unique drivers, including an expanded product roadmap focused on AI, go-to-market improvements, and a growing sales pipeline.The analysts said that vertical software firms such as PTC are insulated from AI disruption as customers continue to lean more into its platform for design initiatives and data modernization.RBC maintained the company's stock rating at outperform and price target at $195.Price: $147.79, Change: $+11.03, Percent Change: +8.06%
PTC (PTC) provided bullish fiscal 2027 comments indicating potential acceleration of annual recurring revenue growth after it managed to deliver several quarters of solid demand capture, rep productivity, and renewal rates, Oppenheimer said in a note emailed Thursday with a review of the company's fiscal Q2 results.The note highlighted the company delivered Q2 annual recurring revenue growth, excluding foreign exchange effects and divestitures, at the high-end of its outlook, as well as a free cash flow beat.Also, PTC's management reaffirmed fiscal 2026 growth, excluding forex and divestitures, and free cash flow outlook of 7.5% to 9.5% and about $850 million, respectively, which de-risks the lower-end of its H2 guidance, the note said.Meanwhile, the company bought back $625 million worth of shares during Q2, lifted its fiscal 2026 repurchase target to $1.225 billion to 1.325 billion, up from $1.1 billion to 1.3 billion previously, and issued a fresh $2 billion authorization for fiscal 2027 and 2028, the investment firm said.Oppenheimer reaffirmed PTC's outperform rating and $200 price target, citing the company's "solid results and improving outlook."PTC shares were up past 8% in Thursday late morning trading.Price: $147.53, Change: $+10.77, Percent Change: +7.87%
PTC (PTC) has an average rating of overweight and mean price target of $184.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $147.62, Change: $+10.86, Percent Change: +7.94%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PTC delivered Q2 FY 26 (Mar-Q) results well above the Street, with sales of $774M (+22% Y/Y) vs. the $713M expected and non-GAAP EPS of $2.69 (vs. $2.11), reflecting 50% Y/Y growth, led by 600 bps of Y/Y non-GAAP operating margin expansion to 53%. Constant currency annual recurring revenue (ARR) growth of 8.5% to $2.39B landed at the top of PTC's guidance range but decelerated from Q1's 9.0%, while operating cash flow surged 14% to $321M (vs. 13% growth in Q1). Management maintained its FY 26 ARR growth guidance at 7.5%-9.5% and kept FCF expectations at $850M, but raised its non-GAAP EPS midpoint to $7.78 from $7.60. We see support from accelerated share repurchase activity, including $625M in Q2 and $1.275B planned in FY 26, reflecting strong cash generation and a commitment to shareholder returns while maintaining a conservative debt-to-EBITDA ratio (0.8x exiting Q2). The completion of the Kepware and ThingWorx divestitures in March should allow PTC to sharpen its focus on core CAD, PLM, and ALM solutions.
PTC (PTC) reported fiscal Q2 adjusted earnings late Wednesday of $2.69 per diluted share, compared with $1.79 a year earlier.Analysts polled by FactSet expected $2.10.Revenue for the three months ended March 31 was $774.3 million, compared with $636.4 million a year earlier.Analysts surveyed by FactSet expected $712.4 million.The company said it expects Q3 adjusted EPS of $1.24 to $1.78 and revenue of $580 million to $640 million. Analysts expect $1.65 and $617.3 million, respectively.For 2026, the company raised its adjusted EPS guidance to $6.65 to $8.90 from $6.36 to $8.84 previously, and now expects revenue of $2.58 billion to $2.82 billion compared with $2.54 billion to $2.81 billion previously. Analysts expect $7.68 and $2.69 billion, respectively.
PTC (PTC) has an average rating of overweight and mean price target of $186.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $136.13, Change: $-0.99, Percent Change: -0.72%
PTC (PTC) has an average rating of overweight and mean price target of $186.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $135.62, Change: $-0.21, Percent Change: -0.15%
PTC (PTC) has an average rating of overweight and mean price target of $187.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $140.78, Change: $+2.51, Percent Change: +1.82%
