KeyBanc Maintains ‘Overweight’ Rating on PTC Inc. (PTC); Raises PT

Billionaire Kerr Neilson has bought over $1.5 million worth of shares in PTC Inc. (NASDAQ:PTC), representing 0.09% of his stock portfolio, securing the company a spot in Billionaire Kerr Neilson’s 10 Stock Picks with Huge Upside Potential.

KeyBanc Maintains ‘Overweight’ Rating on PTC Inc. (PTC); Raises PT from $185 to $198

A supply chain employee using the company’s secure supply chain management software to update their customer’s records.

PTC Inc. (NASDAQ:PTC) recently achieved increased traction across its industrial software offerings, thanks to positive reseller channel checks. Citing this, on July 9, 2025, KeyBanc increased its price target on the company’s stock from $185 to $198, maintaining an ‘Overweight’ rating.

On the same day, PTC Inc. (NASDAQ:PTC) announced that Nimble, which is an AI logistics robotic firm, has started to leverage the company’s Onshape and Arena cloud-based platforms, replacing its own legacy systems. This development, which was fully implemented within 60 days, highlights the growing demand for PTC’s cloud-native tools in the high-growth tech industry.

Reinforcing the analyst’s optimistic outlook for the company’s stock, PTC repurchased 463,000 shares for $75 million and repaid $500 million in senior notes, strengthening its financial health. This boosts investors’ confidence ahead of fiscal 2025 free cash flow targets.

PTC Inc. (NASDAQ:PTC) offers cloud-based platforms, including Windchill, Onshape, Arena, and ThingWorx, supporting digital transformation across a diverse range of sectors, making real-time collaboration, asset optimization, and enhanced product development possible.

While we acknowledge the potential of PTC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PTC and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.