RBC Capital analyst Matthew Hedberg maintained a Buy rating on PTC (NASDAQ:PTC) on Friday, setting a price target of $165, which is approximately 24.03% above the present share price of $133.03.
Hedberg expects PTC to post earnings per share (EPS) of $0.94 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in PTC, with an average price target of $164.4.
The analysts price targets range from a high of $170 to a low of $160.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $461.79 million and a net profit of $102.16 million. The company's market cap is $15.55 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.6% and a 78.75% 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.