Barclays reinstated coverage of PTC (PTC) with an Overweight rating and $180 price target following the closing of the ThingWorx and Kepware divestiture. PTC’s underlying growth has gone up by 0.5 points and its free cash flow will have a $70M headwind in fiscal 2027 related to the early close, the analyst tells investors in a research note.
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Read More on PTC:
- PTC Divests IoT Units and Launches Major Buyback
- PTC updates Q2 adjusted EPS view excluding Kepware, ThingWorx $1.87-$2.47
- PTC updates FY25 adjusted EPS view excluding Kepware, ThingWorx $6.36-$8.84
- PTC completes divestiture of Kepware, ThingWorx businesses
- PTC Shareholders Approve Directors, Pay and Auditor Oversight