PTC Inc (PTC) Leveraging AI to Enhance Products and Boost Internal Efficiency

PTC Inc (NASDAQ:PTC) is among the best 3D printing stocks to buy according to hedge funds. Presenting at the Morgan Stanley Technology, Media and Telecom Conference 2026 on March 4, PTC Inc (NASDAQ:PTC) CEO Neil Barua highlighted the company’s growth prospects and plans for the future.

PTC Inc (PTC) Leveraging AI to Enhance Products and Boost Internal Efficiency

Barua discussed how PTC Inc is enhancing its products with AI capabilities and how this strategy is driving demand. The conference heard that Onshape is the company’s fastest-growing product. Onshape is a cloud-based design and manufacturing data management platform. Last month, PTC Inc upgraded Onshape with new features designed to improve 3D modeling capabilities on the platform.

Barua also told the conference that PTC Inc. was deploying AI internally to automate processes, streamline operations, and improve efficiency. Additionally, Barua said the sale of ThingWorx and Kepware will allow PTC Inc. to focus more on its strategic priorities while using the proceeds to fund share repurchases.

PTC Inc. is targeting $1.12 billion to $1.32 billion in share repurchases in fiscal 2026, the management said last month during the release of the December quarter results.

Boston, Massachusetts-based PTC Inc (NASDAQ:PTC) provides software solutions to industrial and manufacturing companies. Its software enables companies to create and optimize product designs, including 3D formats.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years

Disclosure: None. Follow Insider Monkey on Google News.