PTC Inc's stock is soaring 5.88% in pre-market trading following the release of its impressive third-quarter fiscal 2025 results. The company, known for its digital product design and lifecycle management tools, significantly exceeded expectations and raised its full-year guidance.

PTC reported GAAP revenue of $643.9 million for Q3, surpassing analyst expectations of $583.4 million and the company's own forecasted range of $560 million to $600 million. Non-GAAP earnings per share reached $1.64, easily topping the $1.21 consensus estimate. The strong performance was driven by robust growth in recurring revenue, which now comprises 93% of total revenue, and a sharp expansion in GAAP operating margin from 18.5% to 32.6% year-over-year.

In response to the stellar results, multiple analysts have raised their price targets for PTC. Barclays increased its target to $233 from $203, while Rosenblatt Securities raised its target to $227 from $204, both maintaining buy ratings. The company's raised full-year FY2025 guidance, including increased projections for revenue, free cash flow, and earnings per share, has further bolstered investor confidence in PTC's growth trajectory.