Citi Maintains a Neutral Rating on PTC Inc. (PTC)

On May 8, Citi raised its terms people connected PTC Inc. (NASDAQ:PTC) to $155 from $146. It kept a “Neutral” standing connected the shares.

On May 6, PTC Inc. (NASDAQ:PTC) reported gross of $774 cardinal for Q2 2026, rising 22% YoY, portion operating currency travel reached $321 cardinal and escaped currency travel deed $318 million, some up by 14%. ARR grew to $2.365 billion, with changeless currency ARR excluding divested businesses increasing 8.5%, the institution said.

Chief Executive Officer Neil Barua said PTC Inc. (NASDAQ:PTC) “delivered coagulated fiscal results” and added that its spell to marketplace translation “continues to summation traction,” showing increasing lawsuit involvement successful AI. CFO Jen DiRico said the steadfast utilized astir $625 cardinal for stock repurchases successful the 4th and targets astir $1.2 cardinal to $1.3 cardinal successful fiscal 2026 buybacks.

PTC Inc. (NASDAQ:PTC) guided fiscal 2026 gross to $2.58 billion-$2.82 cardinal and reaffirmed ARR maturation outlook of 7.5% to 9.5%.

PTC Inc. (NASDAQ:PTC) is simply a planetary bundle firm. Its products see Windchill, Creo, ThingWorx, Vuforia, Codebeamer, Arbortext, Arena, and Onshape.

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