Baird has adjusted its price target for PTC Inc. (PTC, Financial), increasing it from $181 to $185. This revision comes as the firm prepares for the upcoming second-quarter financial results. Despite the modest upward revision, Baird maintains its Outperform rating on the company's shares, indicating a positive outlook for the stock. The updated model reflects the firm's optimism regarding PTC's business prospects and performance in the near term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for PTC Inc (PTC, Financial) is $198.37 with a high estimate of $240.00 and a low estimate of $156.20. The average target implies an upside of 42.08% from the current price of $139.62. More detailed estimate data can be found on the PTC Inc (PTC) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, PTC Inc's (PTC, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PTC Inc (PTC, Financial) in one year is $180.57, suggesting a upside of 29.33% from the current price of $139.62. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PTC Inc (PTC) Summary page.
