Autodesk and PTC were in talks for a potential deal, aligning with the trend of consolidation in the industrial software space. PTC’s solutions are crucial for digital technology adoption in manufacturing. While Autodesk’s stock initially dropped after reports of the potential bid, PTC’s stock remained strong. The market is now speculating on who might make a move to acquire PTC next. The combination of Autodesk and PTC would create a strong competitor in the CAD/PLM/CAE space. Even without a takeover, PTC remains an attractive stock with consistent growth in software subscriptions. Wall Street expects continued growth in the future.
Read more at Yahoo Finance: Forget a Takeover From Autodesk, PTC Is a Great Stock to Buy Anyway. Here’s Why.