Better Buy: PTC vs. Autodesk
It's fair to say that it's not been the year that most investors in PTC (NASDAQ: PTC) and Autodesk (NASDAQ: ADSK) hoped it would be. Both stocks are in negative territory in 2021, and their earnings and outlooks have generally failed to live up to the optimism built earlier in the year. The stock price falls leave them both looking attractive, but which is the better buy right now? Here's the lowdown.
Rightly or wrongly, investors often make decisions based on company guidance. In Autodesk's case, management has a long-held target for $2.4 billion in free cash flow (FCF) in fiscal 2023. As a reminder, Autodesk's recent earnings were for its third quarter of 2022, so 2023 guidance reflects how the company will perform next calendar year.
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Source Fool.com
