Citi Maintains a Neutral Rating on PTC Inc. (PTC)

PTC Inc. (NASDAQ:PTC) is one of the 9 Most Profitable Tech Stocks to Buy Right Now.

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.

Citi Maintains a Neutral Rating on PTC Inc. (PTC)

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. Its products include Windchill, Creo, ThingWorx, Vuforia, Codebeamer, Arbortext, Arena, and Onshape.

While we acknowledge the risk and potential of PTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PTC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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