PTC (PTC) Stock Forecast & Price Target

$185.22

+0.74 (+0.40%)

(As of 10/17/2024 ET)

PTC - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 11 Analyst Ratings

Sell
0

Hold
3

Buy
8

Based on 11 Wall Street analysts who have issued ratings for PTC in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 3 have given a hold rating, and 8 have given a buy rating for PTC.

Consensus Price Target

$200.18
8.08% Upside

According to the 11 analysts' twelve-month price targets for PTC, the average price target is $200.18. The highest price target for PTC is $216.00, while the lowest price target for PTC is $182.00. The average price target represents a forecasted upside of 8.08% from the current price of $185.22.

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PTC Analyst Ratings Over Time

Type	Current Forecast 10/19/23 to 10/18/24	1 Month Ago 9/19/23 to 9/18/24	3 Months Ago 7/21/23 to 7/20/24	1 Year Ago 10/19/22 to 10/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	9 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$200.18	$200.18	$199.73	$160.92
Forecasted Upside	8.08% Upside	14.30% Upside	13.53% Upside	13.87% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PTC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PTC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PTC Stock vs. The Competition

Type	PTC	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.73	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.08% Upside	1,284.01% Upside	6.36% Upside
News Sentiment Rating	Neutral News See Recent PTC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/10/2024	Rosenblatt Securities 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$195.00 ➝ $195.00	+8.11%
8/1/2024	Piper Sandler 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$177.00 ➝ $182.00	+2.81%
8/1/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$202.00 ➝ $202.00	+14.11%
6/4/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Panigrahi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$200.00 ➝ $190.00	+9.13%
5/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$195.00 ➝ $187.00	+8.54%
5/2/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$210.00 ➝ $216.00	+23.46%
Get the Latest News and Ratings for PTC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PTC and its competitors with MarketBeat's FREE daily newsletter.
4/11/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$198.00 ➝ $215.00	+17.60%
2/1/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$190.00 ➝ $210.00	+17.06%
2/1/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$190.00 ➝ $205.00	+14.27%
2/1/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$195.00 ➝ $200.00	+10.71%
1/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$130.00 ➝ $200.00	+20.15%
4/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/2/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$160.00 ➝ $170.00	+23.09%
1/11/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$155.00	+21.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:20 AM ET.

Should I Buy PTC Stock? PTC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 15, 2024. Please send any questions or comments about these PTC pros and cons to contact@marketbeat.com.

PTC
Bull Case

Here are some ways that investors could benefit from investing in PTC Inc.:

PTC Inc. has a consensus rating of "Moderate Buy" with an average target price of $200.18, indicating positive sentiment from analysts and potential for stock price appreciation.
PTC Inc. operates as a software company providing innovative solutions like Windchill for product development lifecycle management and ThingWorx for Industrial Internet of Things, showcasing a diverse product portfolio in high-demand sectors.
Insider buying and selling activities at PTC Inc. indicate confidence in the company's future prospects, with recent transactions by directors Janice Chaffin and Robert Schechter demonstrating belief in the company's growth potential.
PTC Inc. has a market capitalization of $21.67 billion, reflecting the company's size and stability in the market, which can provide a sense of security to investors.
Despite recent fluctuations, PTC Inc.'s stock price has shown resilience, trading at $181.00 on the latest trading day, suggesting underlying strength and potential for long-term growth.

PTC
Bear Case

Investors should be bearish about investing in PTC Inc. for these reasons:

PTC Inc.'s price-to-earnings ratio of 75.73 and P/E/G ratio of 2.67 may indicate that the stock is currently overvalued, potentially leading to limited short-term gains for investors.
The company's debt-to-equity ratio of 0.43 suggests a moderate level of debt, which could pose risks in case of economic downturns or financial instability.
PTC Inc.'s 1 year high of $194.24 may present a near-term resistance level for the stock, potentially limiting immediate upside for investors entering at current price levels.
The company's quick ratio of 0.70 indicates a relatively lower ability to cover short-term obligations, which may raise concerns about liquidity and financial health.
PTC Inc.'s beta of 1.17 implies higher volatility compared to the market average, meaning the stock may experience larger price swings, increasing risk for investors.

PTC Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for PTC is $200.18, with a high forecast of $216.00 and a low forecast of $182.00.
: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PTC in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PTC shares.
: According to analysts, PTC's stock has a predicted upside of 8.08% based on their 12-month stock forecasts.
: PTC has been rated by research analysts at Piper Sandler, Rosenblatt Securities, and Royal Bank of Canada in the past 90 days.
: Analysts like PTC more than other "computer and technology" companies. The consensus rating score for PTC is 2.73 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how PTC compares to other companies.