PTC: A Bullish Bet With ServiceMax Integration Boost

Investment Outlook Despite a challenging sales environment for transformational deals, the company has produced revenue and earnings growth as it works to maximize value from its 2023 acquisition of ServiceMax. While PTC Inc. stock isn't cheap, my outlook is a Buy at around $180 per share. A 2022 market research report by Grand View Research estimates the global market for product lifecycle management [PLM] accounted for $26.9 billion in 2021 market value, and was expected to exceed $56 billion by 2030. If ...