PTC Inc. has been experiencing both highs and lows recently. The stock has generally outperformed the Dow, despite trailing the market on specific trading days. Current price target is set at $207.54 and later raised to $230.00. A significant spike was spurred by a licensing agreement with Novartis, and shareholders have enjoyed a 22% CAGR over the last five years. Other notable developments include new stock options and RSUs granted to employees, hiring Microsoft Executive Robert Dahdah as Chief Revenue Officer, and unveiling a massive $2B share buyback plan. However, note that insider sales might be signaling caution. Hedge Funds are bullish on the 3D printing and Additive Manufacturing aspect of PTC Inc. On the downside, the stock has faced a downgrade due to slowing ARR growth in tough markets, and shares have tumbled following another rejection. The company's Q4 Earnings and revenues surpassed expectations, but potential headwinds include economic climate and tightening tech budgets.
PTC Stocks News Analytics from Mon, 20 May 2024 07:00:00 GMT to Sat, 21 Dec 2024 14:07:16 GMT -
Rating 0
- Innovation 6
- Information 5
- Rumor 0
