PTC (NASDAQ:PTC) Hits New 12-Month Low - What's Next?

Market Beat
2026.06.12 07:51
portai
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PTC (NASDAQ:PTC) stock hit a new 52-week low of $118.00, down from its previous close of $135.08. Despite the price drop, analysts maintain a 'Moderate Buy' consensus with an average target price of $176.71. Recent quarterly earnings beat estimates, with EPS of $2.69 and revenue up 21.7% year-over-year. While some insiders sold shares, major hedge funds like T. Rowe Price and State Street increased their positions in Q4.