PTC, a Boston-based software company, has received positive reinforcement from investment firm Baird. Following feedback from nine partners, Baird has maintained its Outperform rating for PTC, citing a favorable performance against reseller plans. However, the firm remains cautious about potential concerns investors may have regarding ARR performance in the second half of 2024. Despite these concerns, Baird analysts believe that PTC’s reasonable valuation and expected growth in the second half of 2024 could provide investment opportunities.