KeyBanc analyst Jason Celino upgraded PTC to Overweight from Sector Weight with a $155 price target. The company could be one of the best free cash flow growth stories in software over the next three years, the analyst tells investors in a research note. The firm believes PTC’s recent transparency and "conservative" framework for fiscal 2023 present near-term catalysts for upside. It considers PTC to be one of its favorite ideas for the first half of 2023.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PTC:
