PTC Inc. (NASDAQ:PTC) is one of the On May 8, Citi raised its price target on PTC Inc. (NASDAQ:PTC) to $155 from $146.
It kept a “Neutral” rating on the shares
On May 6, PTC Inc. (NASDAQ:PTC) reported revenue of $774 million for Q2 2026, rising 22% YoY, while operating cash flow reached $321 million and free cash flow hit $318 million, both up by 14%. ARR grew to $2.365 billion, with constant currency ARR excluding divested businesses growing 8.5%, the company said. Chief Executive Officer Neil Barua said PTC Inc. (NASDAQ:PTC) “delivered solid financial results” and added that its go to market transformation “continues to gain traction,” showing growing customer interest in AI.
CFO Jen DiRico said the firm used about $625 million for share repurchases in the quarter and targets roughly $1.2 billion to $1.3 billion in fiscal 2026 buybacks. PTC Inc. (NASDAQ:PTC) guided fiscal 2026 revenue to $2.58 billion-$2.82 billion and reaffirmed ARR growth outlook of 7.5% to 9.5%. PTC Inc. (NASDAQ:PTC) is a global software firm.