PTC Is Temporarily Overvalued, Despite A Strong SaaS Transition [Seeking Alpha]
PTC Inc. (PTC)
Last ptc inc. earnings: 4/29 04:01 pm
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US:NYSE Investor Relations:
investor.ptc.com
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Source: Seeking Alpha
10min Summary PTC's SaaS transition is expected to enhance long-term cash flows but may cause near-term valuation contractions and revenue volatility. Despite strong operational performance and industry positioning, PTC's rich valuation and contracting growth rates make it a Hold, not a Buy. My financial projections include non-GAAP EPS of $6 and a $192 stock price in FY25, with Q4 FY24 revenue estimated at $610 million. The SaaS transition poses risks, including shorter contract terms and security concerns, but offers long-term stability and recurring revenue benefits. akinbostanci PTC Inc. ( NASDAQ: PTC ) is developing a strong annual recurring revenue model through its SaaS transition. While this should develop the company's cash flows substantially in the long term, it could cause moments of contraction along the way, as reported in the recent Q3 results. With a currently rich valuation, I expect to see a near-term contraction in its valuation multiples, even though
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PTC
News
- PTC Inc. (NASDAQ: PTC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target raised by analysts at Royal Bank of Canada from $202.00 to $230.00. They now have an "outperform" rating on the stock.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target raised by analysts at Robert W. Baird from $226.00 to $228.00. They now have an "outperform" rating on the stock.MarketBeat
- PTC Inc. (NASDAQ: PTC) had its price target raised by analysts at Piper Sandler from $182.00 to $202.00. They now have a "neutral" rating on the stock.MarketBeat
- PTC's Q4 Earnings Surpass Estimates, Revenues Rise Y/Y, Shares Jump [Yahoo! Finance]Yahoo! Finance
PTC
Earnings
- 11/6/24 - Beat
PTC
Sec Filings
- 11/21/24 - Form 144
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- PTC's page on the SEC website