5 Fastest Growing Edge Computing Stocks to Buy Now

2. PTC Inc. (NASDAQ:PTC)

On March 18, 2026, Rosenblatt lowered the price target on PTC Inc. (NASDAQ:PTC) to $190 from $220 and maintained a Buy rating following the company’s completed sale of its Kepware and ThingWorx businesses to TPG. The firm said the adjustment reflects updated estimates for FY26–27 after the divestitures.

On March 17, 2026, Barclays reinstated coverage on PTC with an Overweight rating and a $180 price target after the transaction closed. Barclays noted that underlying growth improved by 0.5 points, while free cash flow is expected to face a $70M headwind in fiscal 2027 due to the earlier closing. On March 16, 2026, PTC updated its FY25 outlook, excluding Kepware and ThingWorx, guiding adjusted EPS to $6.36–$8.84 versus prior guidance of $6.69–$9.15 and consensus of $8.12. The company also expects revenue of $2.540B–$2.805B, compared with prior guidance of $2.675B–$2.940B and consensus of $2.83B.

On March 16, 2026, PTC confirmed it completed the sale of Kepware and ThingWorx to TPG, receiving $523M in cash proceeds, including adjustments of $42M related to working capital and indebtedness. Net after-tax proceeds are expected to be approximately $375M after transaction costs and taxes.

PTC Inc. (NASDAQ:PTC) develops software solutions for product lifecycle management, industrial IoT, and service lifecycle management across global markets.