Compliance Enhancement: PTC announced the connection of its Onshape Government CAD and PDM platform with Arena PLM, providing a unified design and product data management environment that meets stringent compliance requirements for U.S. government and defense contractors, thereby enhancing its competitive position in regulated industries.
Security Assurance: The connection is hosted on AWS GovCloud, utilizing security measures such as role-based access control and audit logs to ensure real-time updates of BOMs and engineering changes, which enhances customer confidence in data protection.
Workflow Optimization: By linking design and PDM data directly with Arena PLM, Onshape Government users can manage every stage of product development in a secure environment, simplifying the execution of complex programs and improving operational efficiency.
Market Expansion: This connection not only continues the collaboration between Onshape and Arena but also extends its capabilities to organizations that must operate under U.S. government compliance requirements, further solidifying PTC's leadership in the digital transformation space.
PTC
$175.125+Infinity%1D
Analyst Views on PTC
Wall Street analysts forecast PTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PTC is 223.50 USD with a low forecast of 180.00 USD and a high forecast of 255.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast PTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PTC is 223.50 USD with a low forecast of 180.00 USD and a high forecast of 255.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 175.070
Low
180.00
Averages
223.50
High
255.00
Current: 175.070
Low
180.00
Averages
223.50
High
255.00
Mizuho
Neutral
downgrade
$220 -> $180
2025-11-10
Reason
Mizuho
Price Target
$220 -> $180
2025-11-10
downgrade
Neutral
Reason
Mizuho lowered the firm's price target on PTC to $180 from $220 and keeps a Neutral rating on the shares post the earnings report. The firm cites a lower share multiple and moderating annual recurring revenue growth for the target cut.
BMO Capital
Daniel Jester
Outperform
downgrade
$231 -> $219
2025-11-07
Reason
BMO Capital
Daniel Jester
Price Target
$231 -> $219
2025-11-07
downgrade
Outperform
Reason
BMO Capital analyst Daniel Jester lowered the firm's price target on PTC to $219 from $231 and keeps an Outperform rating on the shares. The company finished the year with in-line ARR growth of 8.5% and good performance on cash generation, though the firm is cutting its price target on slightly lower ARR outlook, the analyst tells investors in a research note.
BofA
Andrew Obin
Buy
to
Neutral
downgrade
$235 -> $208
2025-11-06
Reason
BofA
Andrew Obin
Price Target
$235 -> $208
2025-11-06
downgrade
Buy
to
Neutral
Reason
BofA analyst Andrew Obin downgraded PTC to Neutral from Buy with a price target of $208, down from $235. Initial FY26 constant currency annual recurring revenue growth guidance of 7%-9% year-over-year was below the 9.2% consensus and the firm's prior 10.4% forecast, the analyst noted. Given the consistent deceleration over the last four quarters across products and geographies, the firm has less conviction in a near-term acceleration in ARR growth, the analyst tells investors.
Baird
Joe Vruwink
Outperform
maintain
$242 -> $255
2025-10-22
Reason
Baird
Joe Vruwink
Price Target
$242 -> $255
2025-10-22
maintain
Outperform
Reason
Baird analyst Joe Vruwink raised the firm's price target on PTC to $255 from $242 and keeps an Outperform rating on the shares. The firm updated its model following channel checks.
About PTC
PTC Inc. is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products. Its computer-aided design (CAD) portfolio solutions enable companies to author product data. Its product lifecycle management (PLM) portfolio solutions enable companies to manage product data and orchestrate processes. Its software can be delivered on premises, in the cloud or in a hybrid model. Its PLM products and services include Windchill PLM, ThingWorx, ServiceMax, Arena, Codebeamer, Servigistics, FlexPLM and Kepware. Its CAD products and services include Creo 3D, Onshape, Vuforia and Arbortext. Its Windchill PLM application suite manages all aspects of the product development lifecycle-from concept through service and retirement-by enabling a digital thread of product parts, materials and configuration information. Its ThingWorx platform is flexible and purpose-built for industrial Internet of things.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
