Citigroup lifts PTC stock target to USD 205 from USD 141
Published on 10/15/2026 at 18:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and results date
- Citigroup raised its PTC target from USD 141 to USD 205 on October 6, 2026, putting it 6.03 percent above the home-market price.
- Revenue fell 6.80 percent in the third quarter of 2026 to USD 600.0 million.
- PTC stock costs EUR 172.50 at Lang & Schwarz on October 15, 2026 at 6:33 p.m. CEST, down 0.16 percent on Nasdaq versus the prior close of October 14, 2026.
- PTC is scheduled to announce fourth-quarter 2026 earnings on November 11, 2026.
Citigroup analyst Tyler Radke kept a Neutral rating on PTC and raised the price target from USD 141 to USD 205 on October 6, 2026, according to GuruFocus. Against the Nasdaq price of USD 193.33, the new target stands 6.03 percent higher. PTC was trading at EUR 172.50 at Lang & Schwarz on October 15, 2026 at 6:33 p.m. CEST, down 0.16 percent on Nasdaq versus the prior close of October 14, 2026.
Third-quarter revenue fell 6.80 percent
PTC reported USD 600.0 million in revenue for the third quarter of fiscal 2026, down 6.80 percent from the year-ago quarter. Net income was USD 118.8 million and diluted earnings per share were USD 1.03 for the period ended June 30, 2026, according to Financial Report Insights. The reported revenue decline followed the sale of two businesses and a shortened license contract, while adjusted annual recurring revenue excluding those businesses grew 9.10 percent.
Price stays below the annual high
The Nasdaq price of USD 193.33 was 0.16 percent below the previous session close at the finance timestamp of October 15, 2026 at 12:39 p.m. ET. PTC's 52-week range was USD 108.50 to USD 206.82, placing the stock 6.53 percent below its high. The Lang & Schwarz quote was in after-hours trading in Berlin, while the US market was still open.
Valuation and next reporting date
PTC's market capitalization was USD 21.0 billion and its price-to-earnings ratio was 18.68 on October 15, 2026. The next scheduled earnings announcement is November 11, 2026, according to the Yahoo Finance earnings calendar.
Comparison with peers
PTC (NASDAQ, USD): minus 0.16 percent, P/E 18.68, market capitalization USD 21.0 billion
Autodesk (NASDAQ, USD): plus 5.41 percent, P/E 31.49, market capitalization USD 50.9 billion
SAP (NYSE, USD): plus 2.03 percent, P/E 29.60, market capitalization USD 262.1 billion
Price remains below the target
The analyst target of USD 205 is higher than the Nasdaq price, but the Neutral rating keeps the published view measured. The quarter also shows why recurring revenue matters: adjusted annual recurring revenue excluding divested businesses rose 9.10 percent even as reported revenue fell 6.80 percent.
PTC was trading at EUR 172.50 at Lang & Schwarz on October 15, 2026 at 6:33 p.m. CEST, down 0.16 percent on Nasdaq versus the prior close of October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of PTC stock.
PTC stock at a glance
- Company: PTC Inc.
- ISIN: US69370C1009
- Ticker: PTC
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 15, 2026, 6:33 p.m. CEST: EUR 172.50
- Change on Nasdaq: minus 0.16 percent versus the prior close of October 14, 2026
- Market capitalization: USD 21.0 billion (as of October 15, 2026)
- 52-week range: USD 108.50-USD 206.82
- Sector / Industry: Technology / Software - Application
Market context: Market report S&P 500.
