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PTC

PTC

$97.80

2.93 (3.09%)

, ANSS

Ansys

$177.91

0.17 (0.10%)

08:03
06/19/18
06/19
08:03
06/19/18
08:03

PTC price target raised to $110 after analyst day at Baird

Baird analyst Rob Oliver attended PTC's (PTC) analyst day, where he said several meaningful announcements were made. The analyst noted 2023 targets were introduced, management tweaked up 2021 targets, a new partnership with Ansys (ANSS) was announced, and there was additional color given on the Rockwell Automation (ROK) partnership. Oliver reiterated his Outperform rating and raised his price target to $110 from $103 on PTC shares following the analyst event.

PTC

PTC

$97.80

2.93 (3.09%)

ANSS

Ansys

$177.91

0.17 (0.10%)

ROK

Rockwell Automation

$175.40

-2.19 (-1.23%)

  • 20

    Jun

PTC PTC
$97.80

2.93 (3.09%)

06/18/18
JPMS
06/18/18
NO CHANGE
Target $101
JPMS
Neutral
PTC price target raised to $101 from $79 at JPMorgan
JPMorgan analyst Sterling Auty raised his price target for PTC to $101 from $79 after the annual user conference and associated investor event highlighted the success the company has had in its subscription transition and innovation in both IoT and traditional technologies. The analyst believes long-term targets are going higher with tailwinds for potential upside. He reiterates a Neutral rating on the shares.
06/19/18
RBCM
06/19/18
NO CHANGE
Target $114
RBCM
Outperform
PTC price target raised to $114 from $101 at RBC Capital
RBC Capital analyst Matthew Hedberg raised his price target on PTC to $114 after the company's LiveWorx user event where it raised FY21 guidance and initiated FY21 outlook above consensus of mid-teens revenue growth and $850M in free cash flows - above his forecast of $700M. The analyst cites the management's bullish view on the Internet of Things positioning, with about 25% of the bookings today, saying the IoT market will become the company's largest by 2023. Hedberg keeps his Outperform rating on PTC, adding that the management is also confident in reaching its objects as its models do not account for the incremental benefits of its partnerships, contribution from Augmented Reality, and improvement in retention.
06/19/18
LEHM
06/19/18
NO CHANGE
Target $114
LEHM
Overweight
PTC price target raised to $114 from $103 at Barclays
Barclays analyst Saket Kalia raised his price target for PTC to $114 citing higher free cash flow estimates following the company's investor meeting. The analyst believes Internet of Things should become bigger than Product Lifecycle Management driving accelerating bookings growth. He keeps an Overweight rating on PTC shares.
06/19/18
WEDB
06/19/18
NO CHANGE
Target $112
WEDB
Outperform
PTC price target raised to $112 from $102 at Wedbush
Wedbush analyst Steve Koenig raised his price target for PTC to $112 from $102 after the company PTC (PTC) raised its long-term outlook and announced a new partnership with simulation leader Ansys (ANSS). The analyst reiterates an Outperform rating on the shares.
ANSS Ansys
$177.91

0.17 (0.10%)

05/03/18
05/03/18
UPGRADE
Target $173

Overweight
Ansys upgraded to Overweight at MUFG
As previously reported, MUFG analyst Stephen Bersey upgraded Ansys to Outperform from Neutral as he believes the company had a "strong" quarter, marked by "impressive large" deal performance and end market demand. The analyst also raised his price target on the shares to $173 from $151.
05/04/18
BREN
05/04/18
NO CHANGE
Target $190
BREN
Buy
Ansys guidance conservative enough for share outperformance, says Berenberg
Berenberg analyst Gal Munda says that while there might be a lack of short-term catalysts, Ansys' guidance is conservative enough for the shares to outperform the sector on a quarterly basis. The analyst views the company's Q1 results as strong and reiterates a Buy rating on the stock with a $190 price target.
05/03/18
MUFG
05/03/18
UPGRADE
MUFG
Overweight
Ansys upgraded to Overweight from Neutral at MUFG
ROK Rockwell Automation
$175.40

-2.19 (-1.23%)

03/28/18
03/28/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Verizon (VZ) and AT&T (T) were upgraded to Buy from Hold at HSBC. 2. Unilever (UN, UL) upgraded to Buy from Neutral at UBS with analyst Pinar Ergun saying the 17% pullback in the shares since the October 2017 peak has created a "compelling" entry point. 3. Rockwell Automation (ROK) upgraded to Outperform from Market Perform at Wells Fargo with analyst Richard Kwas saying the company's fiscal 2018 organic growth "has room to outperform" while its fiscal 2017 restructuring should yield "steady margin benefits" into fiscal 2019. 4. Jacobs Engineering (JEC) upgraded to Buy from Neutral at MKM Partners with analyst Daniel Scott saying he is positive on the combination with CH2M and expects the company to benefit from increased spending on defense and infrastructure. 5. Burberry (BURBY) upgraded to Buy from Neutral at Goldman Sachs with analyst Louise Singlehurst citing increased confidence in the medium-term outlook for European luxury growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/12/18
BARD
06/12/18
NO CHANGE
Target $103
BARD
Outperform
Rockwell partnership endorses PTC technology, says Baird
Baird analyst Rob Oliver noted Rockwell Automation (ROK) and PTC (PTC) announced a strategic partnership in which Rockwell will make a $1B equity investment in PTC. The analyst believes the partnership endorses PTC's technology and valuation as the investment is being made at a 9% premium. Oliver reiterated his Outperform rating and raised his price target to $103 from $95 on PTC shares.
06/11/18
JPMS
06/11/18
NO CHANGE
JPMS
Neutral
Rockwell investment a strategic positive for PTC, says JPMorgan
JPMorgan analyst Sterling Auty views Rockwell Automation's (ROK) investment as a strategic positive for PTC (PTC) saying it will "help open the doors into thousands of companies" that traditionally have not used PTC for its core computer aided design capabilities. Auty finds it interesting that Rockwell did not simply acquire the entire company rather than settling for a minority investment in PTC. The analyst keeps a Neutral rating on shares of PTC.
04/25/18
VERT
04/25/18
DOWNGRADE
VERT
Hold
Rockwell Automation downgraded to Hold from Buy at Vertical Research
Vertical Research analyst Jeffrey Sprague downgraded Rockwell Automation to Hold from Buy with a $175 price target citing muted growth following the Q1 report and guidance.

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