KeyBanc Believes PTC Inc (NASDAQ: PTC) Still Has Room to Grow

By Carrie Williams

KeyBanc analyst Monika Garg maintained a Buy rating on PTC Inc (NASDAQ: PTC) today and set a price target of $100. The company’s shares closed yesterday at $94.47, close to its 52-week high of $95.88.

According to TipRanks.com, Garg is a 5-star analyst with an average return of 30.7% and a 80.9% success rate. Garg covers the Technology sector, focusing on stocks such as Aspen Technology, Oracle Corp, and Guidewire.

Currently, the analyst consensus on PTC Inc is Strong Buy and the average price target is $95.63, representing a 1.2% upside.

In a report issued on June 8, Wedbush also maintained a Buy rating on the stock with a $102 price target.

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The company has a one-year high of $95.88 and a one-year low of $52.20. Currently, PTC Inc has an average volume of 989.5K.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.

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PTC, Inc. engages in the development and provision of software-based product management and development solutions. It operates through the following business segments: Internet of Things (IoT) Group, Solutions Group, and Professional Services.