JP Morgan Reinstates Neutral on PTC, Announces $128 Price Target
JP Morgan analyst Stephen Tusa reinstates PTC (NASDAQ:PTC) with a Neutral and announces $128 price target.
Golden Cross Appears Before PTC Investors
If history is any guide, there may be good fortune ahead for shares of PTC (NASDAQ:PTC). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
Analyst Ratings for PTC
Analysts have provided the following ratings for PTC (NASDAQ:PTC) within the last quarter:
Wolfe Research Initiates Coverage On PTC with Outperform Rating, Announces Price Target of $155
Wolfe Research analyst Gal Munda initiates coverage on PTC (NASDAQ:PTC) with a Outperform rating and announces Price Target of $155.
‘Investor Anxiety’ On Software Stocks Prevails, But This Analyst Sees Hope In A Few Stocks, With Questions Around Others — Like Palantir
On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said.
Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.
Oppenheimer Initiates Coverage On PTC with Perform Rating
Oppenheimer analyst Ken Wong initiates coverage on PTC (NASDAQ:PTC) with a Perform rating.
Earnings Scheduled For July 27, 2022
Companies Reporting Before The Bell
• Equinor (NYSE:EQNR) is projected to report earnings for its second quarter.
Rosenblatt Maintains Buy on PTC, Lowers Price Target to $146
Rosenblatt analyst Blair Abernethy maintains PTC (NASDAQ:PTC) with a Buy and lowers the price target from $156 to $146.
James Star Significantly Increases His Stake In Pet Products Focused Company Chewy (CHWY)
Last Christmas we highlighted an insider purchase by an independent director of Chewy and wrote the following about the company,