A Few Years From Now, You'll Wish You'd Bought This Undervalued Stock

The future of the manufacturing industry lies in adopting digital technology, which means industrial software, specifically software that connects the digital and physical worlds. That's PTC's (NASDAQ: PTC) raison d'etre, and the company looks set for solid growth for many years. Moreover, despite a 57% appreciation, the stock's valuation remains highly attractive for growth investors.The increasing adoption of digital technology is a powerful secular growth driver, but it doesn't fully offset the cyclical weakness in some of PTC's end markets. Management defines its five key end markets as industrial products, federal aerospace and defense, electronics and high technology, automotive, medical technology, and life sciences.It's no secret that the industrial, automotive, and electronics/technology sectors have been under pressure this year. CEO Neil Barua has previously discussed a sluggish sales environment impacting PTC's ability to convert sales leads into larger deals.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool