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PTC price target raised to $115 from $100 at Berenberg. Berenberg analyst Gal Munda raised his price target for PTC to $115 saying the company's growth is on track following the "roughly in line" Q3 results. The analyst increased his estimates to reflect the fiscal 2021 free cash flow outlook raise and maintains a Buy rating on the shares.

PTC results likely to bring some selling pressure, says JPMorgan. JPMorgan analyst Sterling Auty believes PTC's "noisy" Q3 results are likely to be met with some selling pressure. There were a couple moving parts, including a lower subscription mix, that are likely to weigh on shares near-term, Auty tells investors in a post-earnings research note. He believes, however, that the company's overall demand "still appears solid across the product lines." The analyst raised his price target for PTC shares to $109 from $101 and keeps a Neutral rating on the name.

PTC price target raised to $81 from $74 at MUFG. MUFG analyst Stephen Bursey raised his price target on PTC to $81 and kept his Neutral rating after its Q3 earnings beat. Bursey notes that PTC's core business remains strong and the company had a "solid" quarter while also announcing an update in its revenue model shift to discontinue new perpetual license sales in the remaining regions. The analyst maintains however that he is still concerned over PTC's longer-term growth targets, opting to await for benefits coming from a much higher rate of growth in the Internet of Things technology.