PTC Stock Outlook: Wall Street Remains Moderately Bullish

Despite lagging the broader market, analysts see potential upside in the software company's shares

Published on Feb. 12, 2026

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PTC Inc., a Boston-based software company that provides solutions for manufacturing companies, has seen its stock underperform the broader market over the past year. However, Wall Street analysts remain moderately optimistic about the company's prospects, with a consensus 'Moderate Buy' rating and a mean price target suggesting potential upside of over 25%.

Why it matters

PTC's performance is closely watched as it provides critical software solutions to the manufacturing industry, a key driver of the global economy. The company's ability to maintain growth and profitability is seen as a barometer for the health of the broader technology and industrial sectors.

The details

Shares of PTC have declined 6.9% over the past 52 weeks, underperforming the S&P 500's 14.8% gain. The company's stock is also down 11% year-to-date, compared to a 1.5% increase in the S&P 500. However, PTC's Q1 2026 results, released on February 4th, showed strong performance, with constant-currency ARR growth of 8.4% and a 75% increase in adjusted EPS. This has helped boost investor confidence, despite the company's overall underperformance.

  • PTC reported its Q1 2026 results on February 4, 2026.
  • Over the past 52 weeks, PTC stock has declined 6.9%, while the S&P 500 has rallied 14.8%.
  • Year-to-date, PTC stock is down 11%, compared to a 1.5% gain in the S&P 500.

The players

PTC Inc.

A Boston, Massachusetts-based software company that provides solutions for manufacturing companies, including computer-aided design modeling, product lifecycle management, and related capabilities. PTC has a market capitalization of $18.5 billion.

S&P 500 Index

A stock market index that tracks the performance of 500 large-cap U.S. publicly traded companies.

State Street Technology Select Sector SPDR ETF

An exchange-traded fund that tracks the performance of the technology sector of the S&P 500 Index.

Citigroup

A global financial services company that provides investment banking, financial products, and other services.

Tyler Radke

An analyst at Citigroup who covers PTC stock.

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What they’re saying

“On Feb. 6, Citigroup analyst Tyler Radke maintained a 'Neutral' rating for PTC stock and lowered its price target from $181 to $166.”

— Tyler Radke, Analyst (barchart.com)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

While PTC's stock has lagged the broader market, Wall Street analysts remain moderately optimistic about the company's prospects, with a consensus 'Moderate Buy' rating and a mean price target suggesting potential upside of over 25%. The company's ability to maintain growth and profitability in the manufacturing software market is seen as a key indicator for the health of the broader technology and industrial sectors.