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PTC (PTC) Gets a Buy Rating from Rosenblatt Securities

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on PTC (PTCResearch Report) today and set a price target of $170.00. The company’s shares closed last Friday at $116.06.

According to TipRanks.com, Abernethy is a 1-star analyst with an average return of -2.2% and a 40.2% success rate. Abernethy covers the Technology sector, focusing on stocks such as Altair Engineering, Cadence Design, and PDF Solutions.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PTC with a $156.20 average price target.

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The company has a one-year high of $153.73 and a one-year low of $105.49. Currently, PTC has an average volume of 826.8K.

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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.

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