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PTC Inc. (NASDAQ:PTC) is one of the

9 Most Profitable Tech Stocks to Buy Right Now.

On May 8, Citi raised its price target on PTC Inc. (NASDAQ:PTC) to $155 from $146. It kept a “Neutral” rating on the shares.

On May 6, PTC Inc. (NASDAQ:PTC) reported revenue of $774 million for Q2 2026, rising 22% YoY, while operating cash flow reached $321 million and free cash flow hit $318 million, both up by 14%. ARR grew to $2.365 billion, with constant currency ARR excluding divested businesses growing 8.5%, the company said.

Chief Executive Officer Neil Barua said PTC Inc. (NASDAQ:PTC) “delivered solid financial results” and added that its go to market transformation “continues to gain traction,” showing growing customer interest in AI. CFO Jen DiRico said the firm used about $625 million for share repurchases in the quarter and targets roughly $1.2 billion to $1.3 billion in fiscal 2026 buybacks.

PTC Inc. (NASDAQ:PTC) guided fiscal 2026 revenue to $2.58 billion-$2.82 billion and reaffirmed ARR growth outlook of 7.5% to 9.5%.

PTC Inc. (NASDAQ:PTC) is a global software firm. Its products include Windchill, Creo, ThingWorx, Vuforia, Codebeamer, Arbortext, Arena, and Onshape.

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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