Citigroup Maintains Neutral on Progress Software, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani maintains a Neutral rating on Progress Software (NASDAQ:PRGS) and raises the price target from $57 to $62.

August 08, 2023 | 3:48 pm
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Citigroup maintains a Neutral rating on Progress Software and raises the price target from $57 to $62.
The news of Citigroup maintaining a Neutral rating on Progress Software and raising the price target from $57 to $62 indicates that the analyst sees potential in the company but is not overly bullish. This could lead to a neutral or slightly positive reaction in the market, but the impact is not expected to be significant in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100