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Investing.com - Rosenblatt raised its price target on PTC Inc. (NASDAQ:PTC) to $227.00 from $204.00 on Thursday, while maintaining a Buy rating on the software company following its third-quarter results. The stock is currently trading near its 52-week high of $213.14, with a year-to-date return of 10.14%. According to InvestingPro analysis, PTC appears to be trading above its Fair Value, suggesting investors should carefully consider entry points.
PTC reported third-quarter revenue of $643.9 million, representing a 10.6% increase compared to Rosenblatt’s estimate of $582.3 million. The company posted earnings per share of $1.64, exceeding the analyst firm’s projection of $1.18. InvestingPro data reveals PTC maintains impressive gross profit margins of 81.13%, demonstrating strong operational efficiency.
The company achieved 9.3% growth in annual recurring revenue (ARR) on a constant currency basis during the quarter. Its CAD division saw 8% organic ARR growth, while the PLM division recorded 10% organic ARR growth, despite some customer churn from ServiceMax.
PTC raised its fiscal year 2025 ARR growth outlook to 8-9% on a constant currency basis, up from its previous guidance of 7-9% that had been trimmed in the second quarter. The company also guided for revenue growth of 12-14% for the fiscal year.
Rosenblatt noted that despite macro tariff concerns, PTC’s recent adjustments to its go-to-market strategy resulted in solid execution, with healthy renewals, improving cross-sells, and extended contract term lengths in the third quarter. InvestingPro rates PTC’s overall financial health as GOOD, with particularly strong scores in profitability and growth metrics. Subscribers can access 12 additional ProTips and a comprehensive Pro Research Report for deeper insights into PTC’s performance and outlook.
In other recent news, PTC Inc. reported its fiscal third-quarter 2025 earnings, which exceeded analyst expectations. The company achieved an earnings per share of $1.64, surpassing the projected $1.21, representing a 35.54% surprise. Additionally, PTC’s revenue reached $644 million, which was above the anticipated $582.3 million. These results highlight the company’s robust growth during the quarter. Following these earnings, BMO Capital raised its price target for PTC Inc. from $187 to $231, maintaining an Outperform rating. BMO Capital noted modest improvements in deal trends, describing the results as "better than feared." These developments reflect recent positive performance for PTC Inc.
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