Key Takeaways From PTC Inc Investor Day
<p><a href='https://financialmodelingprep.com/financial-summary/PTC'>PTC Inc. (NASDAQ:PTC) </a>hosted its investor day focused on (1) reiterating mid-term targets that were first presented at its 2019 investor day and (2) elaborating on the significant transition of the core business to SaaS, as first outlined at Q4/21 results. </p>
<p>The pandemic-related disruption in 2020 has led management to take the “pessimist” and “recession” case from its 2019 investor day as the base case, which implies FY24 FCF in the range of $700-$750 million. If this new target were to be achieved, the company would likely yield very strong returns over the next three years. </p>

NASDAQ:PTC