Needham analyst Richard Valera reiterated a Buy rating on PTC (NASDAQ:PTC) on Thursday, setting a price target of $135, which is approximately 11.73% above the present share price of $120.83.
Valera expects PTC to post earnings per share (EPS) of $0.46 for the first quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in PTC, with an average price target of $129.3.
The analysts price targets range from a high of $150 to a low of $53.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $390.98 million and a net profit of $67.99 million. The company's market cap is $14.1 billion.
According to TipRanks.com, Needham analyst Richard Valera is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.2% and a 69.48% success rate.
PTC, Inc. engages in the development and provision of software-based product management and development solutions. It operates through the Software products and Professional Services segments. The Software Products segment includes license, subscription and related support revenue for its products. The Professional Services segment consists of consulting, implementation and training services. The company was founded in 1985 and is headquartered in Boston, MA.