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PTC price target raised to $160 from $155 at KeyBanc
The Fly

PTC price target raised to $160 from $155 at KeyBanc

KeyBanc analyst Jason Celino raised the firm’s price target on PTC to $160 from $155 and keeps an Overweight rating on the shares. The firm notes PTC reported solid Q1 ARR results in C.C., and essentially reiterated full-year growth guidance on an organic basis. More importantly, the company modestly raised full-year free cash flow guidance, KeyBanc adds. Net, the firm comes away satisfied and reiterates its recent upgrade thesis that PTC could be one of the best free cash flow growth stories over the next three years.

Published first on TheFly

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