Canaccord Genuity Reiterates a 'Buy' on Parametric Technology (PMTI); Feeling Positive After Analyst Day

Canaccord Genuity reiterates a 'Buy' on Parametric Technology (NASDAQ: PMTC) price target of $30.00.

Analyst. Richard Davis, said, "Yesterday we attended PTC’s analyst day in NYC. We came away confident in the firm’s growth strategy and believe PMTC shares could break through $30 in the next 6-12 months with continued execution...For PTC to be successful, the firm will need to 1) tighten sales focus, 2) upgrade/ streamline its software offering and 3) continue to sell high in customer organizations by selling broad, strategic value."

For an analyst ratings summary and ratings history on Parametric Technology click here. For more ratings news on Parametric Technology click here.

Shares of Parametric Technology closed at $26.27 yesterday, with a 52 week range of $14.25-$26.58.

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