Latest news with #PTC
Yahoo
a day ago
- Business
- Yahoo
Oppenheimer Raises PTC (PTC) Price Target, Maintains Outperform Rating
PTC Inc. (NASDAQ:PTC) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Oppenheimer has raised its price target on PTC Inc. (NASDAQ:PTC) to $190 from $170, maintaining an Outperform rating on the stock. The upward revision reflects improved market multiples and optimism surrounding PTC's go-to-market (GTM) execution and AI integration plans. Following a recent conversation with PTC's management, Oppenheimer noted that the company's current guidance appears appropriately calibrated to the broader macroeconomic environment. While PTC Inc. (NASDAQ:PTC) remains cautious amid global trade uncertainties, the firm sees a strong foundation for long-term growth. Analysts pointed to steady customer retention, despite a slight uptick in churn. Pricing remains an area with potential upside, as the company adjusts its sales structure and strategy. Oppenheimer believes the ongoing GTM transition will ultimately improve sales productivity and customer acquisition efficiency. PTC has continued investing in its core digital thread technologies, including CAD, PLM, and IIoT platforms, which are increasingly enhanced by AI. These tools are critical for automating product development, manufacturing workflows, and real-time data analysis across industrial sectors. With its customer base concentrated in engineering, automotive, and heavy industry, PTC is positioned to benefit from accelerating demand for smart manufacturing solutions and digital automation. PTC powers industrial automation through software platforms that integrate CAD, IoT, and AI to streamline manufacturing, engineering, and product lifecycle management. 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. READ NEXT: 10 Best Non-Mega Cap NASDAQ Stocks to Buy Right Now and 13 Cheap Stocks Under $50 to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Express Tribune
a day ago
- General
- Express Tribune
Shortage of bus shelters strains commuters
Listen to article For people travelling in a car, bus stops are just another space for flashy hoardings hence the availability or shortage of facilities would rarely be a concern. But for people travelling daily through public transport, the little box at the edge of the road can turn into a death trap during the summer heat. Although the Punjab Transport Company has initiated a plan to construct modern bus shelters with a budget of Rs16 million, both experts and citizens agree that these efforts are far too limited and slow-moving to meet the needs of a mega city like Lahore. According to the Punjab Transport Company (PTC), there are only 194 proper bus shelters across the city, with an additional 600 temporary stops (flag posts). Many of these shelters have limited seating capacity. Commuters in busy areas like Allama Iqbal Road, Egerton Road, Circular Road, and various sections of GT Road often complain about the lack or complete absence of shelters. One passenger lamented that people were forced to stand under the sun or rain, often having to take refuge in nearby shops. A young commuter, Fahad complained that even the Metro Bus waiting area had no roof for shielding passengers from the heat. Similarly, Muhammad Irfan, a resident of Shahdara, disclosed that the shelters lacked seating, were dirty, and had advertisement boards that further restricted passenger space. Fatima Batool, a daily commuter from Mughalpura to Model Town, revealed that she often had to wait for buses under the sun, and even when there was a shelter, it was so small that only a few people could fit inside. Likewise, Ayesha Nawaz, a student from Model Town, complained that in many areas, it was not even clear where the bus would stop. 'Shelters should at least offer drinking water, lighting, and secure waiting areas for women,' said Nawaz. According to urban planners, a city like Lahore needs more bus shelters to protect commuters from extreme weather and to manage heavy passenger loads. An official from the Punjab Transport Authority confirmed that even today, Lahore urgently needed 1,200 to 1,500 new bus stop shelters. Experts believe that the growing population and increasing number of vehicles have put immense pressure on urban infrastructure, yet no comprehensive planning has been seen to improve the number and quality of bus shelters. Dr Obaidullah Nadeem, Professor of City and Regional Planning at the University of Engineering and Technology (UET), Lahore, explained that when building shelters, it was essential to consider the location, traffic flow, and passenger volume. 'Shelters should be constructed slightly away from the road so that when a bus stops, it doesn't disrupt regular traffic. Modern shelters should include solar-powered lighting, digital timetables, and strong roofing to protect commuters from extreme weather. Even if not digital, there should be clear displays to help guide passengers on route information,' suggested Dr Nadeem. On the other hand, a spokesperson for the Punjab Transport Company, claimed that the government had not only improved existing shelters but also had plans to build 200 more bus shelters in the upcoming fiscal year. Among them, 50 will be constructed with a modern design, featuring separate waiting areas for men and women, a small tuck shop and Wi-Fi facilities.
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
PTC Announces Startup Program to Accelerate the Future of Aerospace & Defense Innovation
Free access to Creo+, Onshape, Codebeamer+, and a startup package for Arena to enable startups to meet the speed, complexity, and compliance demands of modern aerospace and defense product development Exposure to PTC's global ecosystem of venture capitalists, incubators, and partners to support growth and industry visibility DETROIT, July 16, 2025 /PRNewswire/ — PTC (NASDAQ: PTC) today announced at the Reindustrialize Summit 2025 a new Aerospace & Defense (A&D) Startup Program to empower early and growth-stage startups with leading product development tools to help them bring new products and innovations to market faster. To eligible startups, the program offers free access to PTC's software, including its Creo+® software-as-a-service (SaaS) computer-aided design (CAD) solution, Onshape® cloud-native computer-aided design (CAD) and product data management (PDM) platform, Codebeamer+™ application lifecycle management (ALM) solution, as well as a startup package for its Arena® product lifecycle management (PLM) and quality management system (QMS) solution. As aerospace and defense modernization accelerates across all five domains – sea, air, land, space, and cyber – new technologies emerge, and global threats evolve. The industry is under pressure to move faster, integrate complex systems more effectively, and deliver mission-critical solutions with greater agility. PTC's A&D Startup Program addresses these priorities head-on, helping fuel faster and more innovative product development for startups. Startups can access Creo+, known for its advanced modeling capabilities and support for complex assemblies, as well as Onshape, a cloud-native CAD platform with built-in PDM and real-time collaboration, ideal for agile teams with minimal IT overhead. Access to Onshape includes Onshape Government, designed specifically to help meet compliance needs, like ITAR and EAR, for U.S. federal and state agencies, defense contractors, and organizations working on regulated projects. Participants can also leverage Codebeamer+, known for its support for agile development with full requirements and test management, and end-to-end traceability, as well as Arena, a cloud-native PLM and QMS platform, ideal for enabling compliance and accelerating product development at scale. Eligible startups can participate in the program for multiple years to help support growth toward key funding and revenue milestones. In addition to the free software, they will gain access to PTC's ecosystem of venture capitalists, incubators, technology partners, and fellow innovators, plus opportunities for mentorship, exposure, and industry engagement. 'Aerospace and defense startups are tackling some of the world's toughest engineering challenges, and they need tools that help them get ahead,' said David Katzman, General Manager of Arena and Onshape, PTC. 'Through this program, we're equipping them with PTC's industry-leading solutions and support from day one so they can move fast, meet compliance demands, and stay focused on building what's next.' 'Developing our own solutions demands precision and dependable tools at every stage,' said Mariarosa Argentiero, Chief Commercial Officer of ARCA Dynamics. 'Creo helps us improve our production chain and accelerate the delivery of our products. It's especially powerful for startups because it delivers the advanced capabilities needed for production without requiring additional improvements or add-ons.' 'Designing next-generation spacecraft requires tools that are as agile and forward-looking as the missions we're building,' said Ben Schleuniger, CEO and Co-Founder of Orbital Operations. 'We adopted Onshape through PTC's A&D Startup Program, giving us a fast, secure foundation to collaborate and iterate from day one. As our needs expanded, the Onshape Government offering enabled us to meet compliance requirements without slowing down. We've truly appreciated PTC's support and collaboration every step of the way.' To learn more about the program, eligibility criteria, and to apply, visit PTC Solutions for Aerospace and Defense Startups. About PTCPTC (NASDAQ: PTC) is a global software company enabling manufacturers and product companies to digitally transform how they design, manufacture, and service products. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, visit PTC Media ContactGreg Paynegpayne@ PTC Investor ContactMatt Shimaomshimao@ PTC, Creo+, Onshape, Codebeamer+, Arena, and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in the United States and other countries.
Hans India
4 days ago
- Business
- Hans India
BrahMos Missile Demand Surges As Lucknow Facility Begins Advanced Materials Production
Following Operation Sindoor's successful strikes against terror and military installations in Pakistan and Pakistan-Occupied Kashmir, international interest in India's BrahMos supersonic missile has intensified significantly. Defence Minister Rajnath Singh has announced that over 14 nations have expressed procurement interest in the Indo-Russian joint venture missile system. The heightened global demand has coincided with the establishment of a new BrahMos production facility in Lucknow, Uttar Pradesh, launched shortly after Operation Sindoor concluded. This development has been further strengthened by PTC Industries Limited's emergence as India's pioneering private sector manufacturer of titanium and superalloy components—materials essential for missile systems, naval vessels, and aircraft manufacturing. This manufacturing capability positions India as the sixth global producer of these sophisticated materials, alongside the United States, Russia, France, the United Kingdom, and China. The facility operates within the Uttar Pradesh Defence Industrial Corridor framework, where over seven defence manufacturing units have commenced operations. PTC's Lucknow facility now provides titanium raw materials and precision-engineered components specifically for BrahMos production. Titanium's exceptional strength-to-weight characteristics and heat resistance properties make it invaluable for aerospace and defence manufacturing applications. Sachin Agarwal, Chairman and Managing Director of PTC Industries, emphasized India's previous import dependency for these critical materials. "Previously, we relied on international suppliers for essential aircraft and submarine components. Now, India maintains domestic production capabilities. This eliminates a significant vulnerability and prevents any nation from leveraging supply restrictions against us during critical periods," Agarwal explained. Beyond BrahMos components, PTC manufactures specialized alloys for international aerospace manufacturers, including Dassault Aviation's Rafale fighter aircraft program. The drive toward indigenous defence manufacturing has gained critical importance as India seeks to minimize foreign supplier dependence—a priority highlighted by supply chain disruptions during the Russia-Ukraine conflict. Indian military leadership has consistently emphasized that future conflicts will rely on domestically produced weapons and equipment. Operation Sindoor represented not only BrahMos's first combat deployment but also showcased India's indigenous defence manufacturing capabilities to the international community. To address increasing demand, a comprehensive strategic materials complex featuring four specialized production units was inaugurated last month alongside the BrahMos manufacturing line in Lucknow. The integrated facility encompasses a primary metals unit for titanium and superalloy ingot production, a large-scale casting facility, a forging plant for critical components, and a precision machining center dedicated to aerospace parts including jet engine components and missile systems.
India Today
4 days ago
- Business
- India Today
Op Sindoor drives BrahMos demand, Lucknow titanium plant joins supply chain
India's supersonic BrahMos missile has gained fresh momentum after Operation Sindoor dealt a decisive blow to terror and military bases inside Pakistan and Pakistan-Occupied-Kashmir (POK). Defence Minister Rajnath Singh has confirmed that more than 14 countries have now expressed interest in acquiring the powerful missile system, which is jointly developed by India and response to this growing demand, a new BrahMos manufacturing facility was inaugurated in Uttar Pradesh's Lucknow shortly after Operation Sindoor. The city's contribution to India's missile capability has received a significant boost with PTC Industries Limited emerging as the country's first private manufacturer of titanium and superalloy components — crucial materials for missiles, submarines, and this breakthrough, India has become the sixth nation in the world with the capacity to produce these advanced materials, joining the ranks of the United States, Russia, France, the United Kingdom, and China. The facility is part of the ambitious Uttar Pradesh Defence Industrial Corridor, under which more than seven defence industries have already begun operations. PTC's Lucknow plant has now started supplying titanium raw material and precision components for BrahMos. Titanium's high strength-to-weight ratio and ability to withstand extreme heat make it indispensable for aerospace and defence Agarwal, CMD of PTC Industries, highlighted that India had previously relied on imports for such critical inputs. "Earlier, we had depended on other countries for key components in aircraft and submarines. Now, India can produce them domestically. This closes a crucial gap and ensures no nation can blackmail us when we need these supplies the most," Agarwal is also producing alloys for global aerospace majors, including Dassault Aviation for the Rafale fighter push for indigenous defence manufacturing has gained urgency as India looks to reduce reliance on foreign suppliers, a need amplified by supply chain disruptions during the Russia-Ukraine conflict. The chiefs of India's armed forces have repeatedly underlined that future wars will be fought with homegrown weapons and Sindoor not only marked BrahMos's combat debut but also served as a demonstration of India's indigenous defence capabilities to the world. To meet the rising demand, a new strategic materials complex with four specialised units was inaugurated last month alongside the BrahMos production line in integrated complex includes a primary metals facility for producing titanium and superalloy ingots, a large-scale casting unit, a forging plant for critical parts, and a precision machining centre for aerospace components such as jet engine blades and missile parts.- EndsTune InMust Watch
