KeyBanc analyst Jason Celino raised the firm’s price target on PTC to $190 from $177 and keeps an Overweight rating on the shares. Through a combination of durable growth opportunities in CAD/PLM, strong momentum in Codebeamer, cross-sell opportunities with ServiceMax, and continued operational discipline, PTC could be a perennial +25% free cash flow grower through FY26, the analyst tells investors in a research note.
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