RBC Capital analysts provided their key takeaways from PTC Inc. (NASDAQ:PTC) Investor Day, noting they came away incrementally bullish around the company’s product strategy and competitive differentiation, which likely benefits from the launch of Creo+ in addition to Windchill +, ServiceMax cross-sell, sustainability initiatives and an expanding Ansys partnership. As such, the analysts believe the company remains in a good position to sustain above-peer growth and margin expansion despite an uneven macro environment.
The analysts believe recent investments around cloud-based products, the ServiceMax acquisition, expanding partnerships and sustainability initiatives are all helping drive better competitive differentiation vs. peers. The analysts reiterated their Outperform rating and $158 price target on the stock.