PTC Inc. stock has slipped from its 52-week high, posting strong Q1 results

From Nasdaq: 2025-04-02 13:09:00

PTC Inc., a Boston-based software company, boasts a market cap of $18.8 billion, offering a wide range of solutions for industries like automotive and healthcare. Despite its size and influence, PTC stock has slipped 23.1% from its 52-week high, underperforming the Technology Select Sector SPDR Fund over the past three months.

In its recent Q1 results, PTC posted adjusted EPS of $1.10, surpassing Wall Street estimates by 20.9%. However, the stock dropped 9.6% the next day due to lowered full-year guidance. Analysts, though, are optimistic, with a consensus rating of “Strong Buy” and a mean price target of $203.22, indicating a 30.1% premium.



Read more at Nasdaq: PTC Inc. Stock: Is PTC Underperforming the Technology Sector?