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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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