PTC Inc. Price Target Lowered to $190 by Rosenblatt Following Sale of Kepware and ThingWorx Businesses.
ByAinvest
Tuesday, Mar 24, 2026 3:35 pm ET1min read
PTC--
Rosenblatt has lowered its price target on PTC Inc. (NASDAQ:PTC) to $190 from $220 and maintained a Buy rating. Barclays reinstated coverage on PTC with an Overweight rating and a $180 price target. PTC updated its FY25 outlook, guiding adjusted EPS to $6.36-$8.84 and revenue to $2.540B-$2.805B. The company completed the sale of Kepware and ThingWorx to TPG for $523M in cash proceeds.
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