Company Overview - PTC Inc. is based in Boston, Massachusetts, and provides global software solutions and services for manufacturing companies, focusing on product design, operation, and management [1] - The company has a market capitalization of $18.5 billion and offers a comprehensive portfolio that includes computer-aided design modeling and product lifecycle management [1] Stock Performance - Over the past 52 weeks, PTC shares have declined by 6.9%, while the S&P 500 Index has increased by 14.8% [2] - Year-to-date, PTC stock is down 11%, contrasting with a 1.5% gain in the S&P 500 [2] - PTC has also underperformed compared to the State Street Technology Select Sector SPDR ETF, which has risen by 20.9% in the same period [3] Recent Financial Results - Following the release of solid Q1 2026 results, PTC shares rose by 1.7% [6] - The company reported constant-currency Annual Recurring Revenue (ARR) growth of 8.4% to $2.5 billion and revenue of $686 million, marking a 21% year-over-year increase [6] - Adjusted EPS increased by 75% to $1.92, with an operating margin expansion to 32% and a 13% growth in both operating and free cash flow to approximately $270 million [6] Analyst Expectations - For the fiscal year ending in September 2026, analysts project a 3.6% year-over-year decline in EPS to $6.45 [7] - PTC has a strong earnings surprise history, having beaten consensus estimates in the last four quarters [7] - The consensus rating for PTC stock is "Moderate Buy," with 10 "Strong Buys," one "Moderate Buy," six "Holds," and one "Strong Sell" among 18 analysts [7] Price Target Insights - Citigroup analyst Tyler Radke maintained a "Neutral" rating for PTC and lowered the price target from $181 to $166 [8] - The mean price target of $197.18 suggests a premium of 26.7% over current levels, while the highest price target of $250 indicates a potential upside of 60.7% [8]